<SEC-DOCUMENT>0001157523-20-001505.txt : 20201116
<SEC-HEADER>0001157523-20-001505.hdr.sgml : 20201116
<ACCEPTANCE-DATETIME>20201116160205
ACCESSION NUMBER:		0001157523-20-001505
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		74
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20201116
DATE AS OF CHANGE:		20201116

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:		201316605

	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>a52325671.htm
<DESCRIPTION>SIEBERT FINANCIAL CORP. 10-Q
<TEXT>
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    <div style="text-align: center; font-weight: bold; font-size: 12pt;">UNITED STATES<br>
      SECURITIES AND EXCHANGE COMMISSION<br>
      WASHINGTON, DC 20549</div>
    <div style="text-align: center; text-indent: 36pt;">&#160;</div>
    <div style="text-align: center; font-weight: bold; font-size: 16pt;">FORM 10-Q</div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div>(Mark One)</div>
    <div> <br>
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            <div style="text-align: center;">&#9746;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
          </td>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>&#160;</div>
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            <div>For the quarterly period ended</div>
          </td>
          <td style="width: 67%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="font-weight: bold;">September 30, 2020</div>
          </td>
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            <div>&#160;</div>
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            <div>&#160;</div>
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          <td style="width: 67%; vertical-align: top;">&#160;</td>
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          <td style="width: 100%; vertical-align: top;" colspan="4">
            <div style="text-align: center;">OR</div>
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            <div style="text-align: center;">&#160;</div>
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            <div style="text-align: center;">&#9744;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</div>
          </td>
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          <td style="width: 5%; vertical-align: top;">
            <div>&#160;</div>
          </td>
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            <div>&#160;</div>
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            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>For the transition period from ____________________________ to __________________________</div>
          </td>
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            <div>&#160;</div>
          </td>
          <td style="width: 95%; vertical-align: top;" colspan="3">
            <div>&#160;</div>
          </td>
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            <div>&#160;</div>
          </td>
          <td style="width: 23%; vertical-align: top;">
            <div>Commission file number</div>
          </td>
          <td style="width: 5%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
          </td>
          <td style="width: 67%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: justify; font-weight: bold;">0-5703</div>
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            <div style="text-align: center; font-weight: bold; font-size: 20pt;">Siebert Financial Corp.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Exact Name of Registrant as Specified in its Charter)</div>
          </td>
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    <div style="text-indent: 36pt;">&#160;</div>
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            <div style="text-align: center; font-weight: bold;">New York</div>
          </td>
          <td style="width: 10%; vertical-align: top;">
            <div>&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">11-1796714</div>
          </td>
        </tr>
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          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center;">(State or Other Jurisdiction of Incorporation or Organization)</div>
          </td>
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            <div>&#160;</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
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          <td style="width: 99.91%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">120 Wall Street, New York, NY 10005</div>
          </td>
        </tr>
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          <td style="width: 99.91%; vertical-align: top;">
            <div style="text-align: center;">(Address of Principal Executive Offices) (Zip Code)</div>
          </td>
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    <div style="text-indent: 36pt;">&#160;</div>
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            <div style="text-align: center; font-weight: bold;">(212) 644-2400</div>
          </td>
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          <td style="width: 100%; vertical-align: top;">
            <div style="text-align: center;">(Registrant&#8217;s Telephone Number, Including Area Code)</div>
          </td>
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    <div><br>
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            <div style="text-align: center;">(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)</div>
          </td>
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    <div style="text-indent: 36pt;">&#160;</div>
    <div>&#160;</div>
    <div>Securities registered pursuant to Section 12(b) of the Act:</div>
    <div>&#160;</div>
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          <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Title of each class</div>
          </td>
          <td style="width: 22%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Trading Symbol(s)</div>
          </td>
          <td style="width: 44%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Name of each exchange on which registered</div>
          </td>
        </tr>
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          <td style="width: 34%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">Common Stock - $0.01 par value</div>
          </td>
          <td style="width: 22%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">SIEB</div>
          </td>
          <td style="width: 44%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
            <div style="text-align: center;">The Nasdaq Capital Market</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">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.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Yes &#9746; No &#9744;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">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).</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Yes &#9746; No &#9744;</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    </div>
    <div style="text-align: justify;">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.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z77bcf6d17e7944b19f617789da071bb8" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

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            <div style="text-align: justify;">Large accelerated filer &#9744;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Accelerated filer &#9744;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">Non-accelerated filer &#9746;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Smaller reporting company &#9746;</div>
          </td>
        </tr>
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          <td style="width: 60%; vertical-align: top;">
            <div style="text-align: justify;">&#160;</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="text-align: justify;">Emerging growth company &#9744;</div>
          </td>
        </tr>

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  <div>&#160;
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">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. &#9744;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Yes &#9744; No &#9746;</div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify;">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 November 16, 2020, there were 30,953,710 shares of the registrant&#8217;s common stock.</div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
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    <div>&#160;</div>
    <div style="text-align: center; font-weight: bold;">SIEBERT FINANCIAL CORP.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">INDEX</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z6ee7600c33c3462d81bffcbba2f13fe5">

          <tr>
            <td rowspan="1" colspan="3" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;"><a href="#PARTI-FINANCIALINFORMATIO">PART I - FINANCIAL INFORMATION</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-weight: bold;"><a href="#PARTI-FINANCIALINFORMATIO">1</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top;">
              <div><a href="#ITEM1.FINANCIALSTATEMENTS">ITEM 1. FINANCIAL STATEMENTS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#ITEM1.FINANCIALSTATEMENTS">1</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#FINANCIALCONDITION">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#FINANCIALCONDITION">1</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div><a href="#STATEMENTSOFINCOME">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#STATEMENTSOFINCOME">2</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#CHANGESINSTOCKHOLDERSEQUITY">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#CHANGESINSTOCKHOLDERSEQUITY">3</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div><a href="#CASHFLOWS">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#CASHFLOWS">4</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td style="width: 90%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#NOTESTOCONDENSEDCONSOLIDA">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#NOTESTOCONDENSEDCONSOLIDA">5</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top;">
              <div><a href="#ITEM2.MANAGEMENTSDISCUSSI">ITEM 2. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#ITEM2.MANAGEMENTSDISCUSSI">27</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div><a href="#ITEM3.QUANTITATIVEANDQUAL">ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#ITEM3.QUANTITATIVEANDQUAL">37</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top;">
              <div><a href="#ITEM4.CONTROLSANDPROCEDUR">ITEM 4. CONTROLS AND PROCEDURES</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#ITEM4.CONTROLSANDPROCEDUR">38</a></div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" colspan="3" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="font-weight: bold;"><a href="#PARTII-OTHERINFORMATION">PART II - OTHER INFORMATION</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right; font-weight: bold;"><a href="#PARTII-OTHERINFORMATION">39</a></div>
            </td>
          </tr>
          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top;">
              <div><a href="#ITEM1.LEGALPROCEEDINGS">ITEM 1. LEGAL PROCEEDINGS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#ITEM1.LEGALPROCEEDINGS">39</a></div>
            </td>
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          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">
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            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#ITEM1A.RISKFACTORS">39</a></div>
            </td>
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          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td rowspan="1" colspan="2" style="width: 2%; vertical-align: top;">
              <div><a href="#ITEM2.UNREGISTEREDSALESOF">ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#ITEM2.UNREGISTEREDSALESOF">39</a></div>
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          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
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              <div><a href="#ITEM6.EXHIBITS">ITEM 6. EXHIBITS</a></div>
            </td>
            <td style="width: 6%; vertical-align: top; background-color: rgb(204, 238, 255);">
              <div style="text-align: right;"><a href="#ITEM6.EXHIBITS">40</a></div>
            </td>
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          <tr>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: top;">&#160;</td>
            <td style="width: 90%; vertical-align: top;">
              <div><a href="#SIGNATURES">SIGNATURES</a></div>
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            <td style="width: 6%; vertical-align: top;">
              <div style="text-align: right;"><a href="#SIGNATURES">41</a></div>
            </td>
          </tr>

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    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
    </div>
    <!--PROfilePageNumberReset%Num%1%- % -%-->
    <div>&#160;</div>
    <div></div>
    <div></div>
    <div style="text-align: center; margin-left: 5.45pt; font-weight: bold;">PART I - FINANCIAL INFORMATION<a name="PARTI-FINANCIALINFORMATIO"><!--Anchor--></a></div>
    <div>&#160;</div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 1. FINANCIAL STATEMENTS<a name="ITEM1.FINANCIALSTATEMENTS"><!--Anchor--></a></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION<a name="FINANCIALCONDITION"><!--Anchor--></a></div>
    <div style="text-align: justify; font-weight: bold;">(unaudited)</div>
    <div style="text-align: justify; font-weight: bold;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z48aeae17e27942289f2c21548dadce0e" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">December 31, 2019*</div>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>ASSETS</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Current assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Cash and cash equivalents</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>4,536,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>4,670,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Cash and securities segregated for regulatory purposes</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>263,980,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>224,924,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Receivables from customers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>91,842,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>86,331,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>3,312,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>3,524,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Other receivables</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>873,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>762,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,444,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>970,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities borrowed</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>283,757,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>193,529,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>3,480,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>3,018,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>Total Current assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>653,224,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>517,728,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Deposits with broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>5,094,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>4,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Prepaid service contract &#8211; non-current</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,890,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>850,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,150,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Software, net</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,503,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,888,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,813,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Deferred tax assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>5,239,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>5,388,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Intangible assets, net</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>850,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
            <div>&#160;Goodwill</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,989,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,989,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Total Assets</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>673,452,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>538,067,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>Liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Payables to customers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>342,156,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>308,091,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Payables to non-customers</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>9,346,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>8,063,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Drafts payable</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,635,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,834,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>356,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>523,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,754,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Securities loaned</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>266,777,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>170,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>116,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Interest payable</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>10,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Current portion of notes payable - related party</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>8,000,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Current portion of lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,633,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,227,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Current portion of long-term debt</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>997,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Total Current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>628,679,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>502,750,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Lease liabilities, less current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,548,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,182,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Notes payable &#8211; related party, less current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
            <div>&#160;Long-term debt, less current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>3,907,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>Total Liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>637,134,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>504,932,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>Commitments and Contingencies</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Stockholders&#8217; equity</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;Common stock, $.01 par value; 100 million shares authorized; 30,653,710 and 30,459,804 shares</div>
            <div>&#160;issued and outstanding as of September 30, 2020 and December 31, 2019, respectively**</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>306,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Additional paid-in capital</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>21,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>19,897,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Retained earnings</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>14,990,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>12,934,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Total Stockholders&#8217; equity</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>36,318,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>33,135,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
            <div>Total Liabilities and stockholders' equity</div>
          </td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>673,452,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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            <div>538,067,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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    <div style="text-align: justify; margin-left: 9pt;"><font style="font-style: italic;">*</font>Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. <font style="font-style: italic;">See &#8220;Note 3 &#8211; Acquisitions&#8221; for additional detail</font>.</div>
    <div style="text-align: justify; margin-left: 9pt;">**Shares outstanding as of December 31, 2019 represents the combined total of the Company&#8217;s shares outstanding and the shares issued for the Company&#8217;s acquisition of StockCross. <font style="font-style: italic;">See &#8220;Note 1 &#8211; Organization and Basis of Presentation&#8221; for additional detail.</font></div>
    <div>&#160;</div>
    <div style="text-align: center;">Numbers are rounded for presentation purposes. See notes to condensed consolidated financial statements.<font style="font-weight: bold;">&#160;</font></div>
    <div><font style="font-weight: bold;"> <br>
      </font></div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 1 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
    </div>
    <div><font style="font-weight: bold;"> <br>
      </font></div>
    <div style="text-align: justify; font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="text-align: justify; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF INCOME<a name="STATEMENTSOFINCOME"><!--Anchor--></a></div>
    <div style="text-align: justify; font-weight: bold;">(unaudited)</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf5b29d1c20994a47b56f5164697646ef" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

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          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 44%;">&#160;</td>
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          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
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            <div style="text-align: center; font-weight: bold;"> 2020</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2020</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 44%;">
            <div>Revenue</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Commissions and fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>4,679,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>15,149,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>7,132,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,912,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>7,730,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>11,161,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,342,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,327,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>8,126,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>6,138,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Interest income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>915,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,155,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,417,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Market making</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>423,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,508,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,267,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>349,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,482,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,353,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Advisory fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>305,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>810,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>572,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>333,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>290,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,035,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>633,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>12,575,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>10,753,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>39,995,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>31,709,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>6,584,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>4,809,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>20,489,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>13,812,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,270,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>798,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,907,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,325,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Technology and communications</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,322,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>441,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,256,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,264,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Other general and administrative</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>455,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>868,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,710,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,787,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Data processing</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>784,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>527,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,387,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,487,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>694,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>630,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,119,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,754,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Professional fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>760,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,159,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,568,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>368,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>244,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,193,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>689,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Referral fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>154,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>427,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Interest expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>89,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>31,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>253,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Total Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>12,480,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>9,131,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>37,900,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>26,770,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>95,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,622,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,095,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>4,939,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(486,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>349,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>39,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,365,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>581,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>2,056,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,574,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Net income per share of common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px;">
            <div>&#160;Basic and diluted</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.02</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.04</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.07</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.12</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Weighted average shares outstanding</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,653,710</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,455,962</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,565,822</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,455,962</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: center;">Numbers are rounded for presentation purposes. See notes to condensed consolidated financial statements.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 2 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
    </div>
    <div><br>
    </div>
    <div></div>
    <div></div>
    <div></div>
    <div></div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS&#8217; EQUITY<a name="CHANGESINSTOCKHOLDERSEQUITY"><!--Anchor--></a></div>
    <div style="font-weight: bold;">(unaudited)</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z43074837e5854ff195fecd5e36d9a275" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 30%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 30%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Number of</div>
            <div style="text-align: center; font-weight: bold;">Shares Issued</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">$.01 Par</div>
            <div style="text-align: center; font-weight: bold;">Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Additional</div>
            <div style="text-align: center; font-weight: bold;">Paid-In Capital</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Retained</div>
            <div style="text-align: center; font-weight: bold;">Earnings</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%;">
            <div>Balance &#8211; January 1, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>12,869,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>20,781,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%; background-color: rgb(204, 238, 255);">
            <div>Shares issued for&#160; StockCross purchase</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,302,616</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>33,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>12,256,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>65,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>12,354,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%; padding-bottom: 2px;">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>976,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>976,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Balance &#8211; March 31, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,459,804</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>19,897,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>13,910,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>34,111,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%;">
            <div>Shares issued for payment of professional services</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>193,906</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,125,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,127,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>499,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>499,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: middle; width: 30%; padding-bottom: 4px;">
            <div>Balance &#8211; June 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>30,653,710</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>306,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>21,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>14,409,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>35,737,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>581,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>581,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 4px;">
            <div>Balance &#8211; September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>30,653,710</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>306,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>21,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>14,990,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>36,318,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z67e62cbf0d9f471e88199141b1a074f7" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 30%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 30%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Number of</div>
            <div style="text-align: center; font-weight: bold;">Shares Issued</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">$.01 Par</div>
            <div style="text-align: center; font-weight: bold;">Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Additional</div>
            <div style="text-align: center; font-weight: bold;">Paid-In Capital</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Retained</div>
            <div style="text-align: center; font-weight: bold;">Earnings</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%;">
            <div>Balance &#8211; January 1, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>27,157,188</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>271,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>9,262,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>17,174,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; background-color: rgb(204, 238, 255);">
            <div>Shares issued for&#160; StockCross purchase</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,302,616</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>33,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>14,037,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>14,070,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 2px;">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,224,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,224,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Balance &#8211; March 31, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,459,804</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>21,678,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>10,486,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>32,468,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 2px;">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,079,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,079,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Balance &#8211; June 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,459,804</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>21,678,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>11,565,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>33,547,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%;">
            <div>Return of capital distribution</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>(1,600,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>(1,600,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Net income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 30%; padding-bottom: 4px;">
            <div>Balance &#8211; September 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>30,459,804</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>20,078,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>12,838,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>33,220,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">Numbers are rounded for presentation purposes. See notes to condensed consolidated financial statements.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 3 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
    </div>
    <div>&#160;</div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<a name="CASHFLOWS"><!--Anchor--></a></div>
    <div style="font-weight: bold;">(unaudited)</div>
    <div style="font-weight: bold;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z26790297d5594558bf656b7a81e9ae92" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;">
            <div>Cash Flows From Operating Activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,056,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>3,574,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;&#160;Deferred income tax expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>148,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>672,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;&#160;Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,193,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>689,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Changes in</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Receivables from customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(5,511,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(15,339,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Receivables from non-customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(103,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Receivables from and deposits with broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>69,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(14,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Securities borrowed</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(90,228,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>43,382,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Securities owned, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(462,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,671,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(586,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>167,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Prepaid service contract &#8211; non-current</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(763,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Payables to customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>34,065,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(3,541,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Payables to non-customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,283,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(3,847,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Drafts payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(1,199,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>234,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(167,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,004,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(143,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Securities loaned</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>96,334,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(35,905,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(91,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(4,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(10,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">&#160;Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(90,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>334,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">&#160;Taxes payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>14,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
            <div style="margin-left: 7.2pt;">&#160;Other liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>91,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Net cash provided by / (used in) operating activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>36,352,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(7,064,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Cash Flows From Investing Activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Escrow deposit</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(2,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="margin-left: 7.2pt;">Purchase of furniture, equipment, and leasehold improvements</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Purchase of software</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(334,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(1,086,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Net cash used in investing activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(334,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(3,869,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Cash Flows From Financing Activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Notes payable &#8211; related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(2,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;Long-term debt</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>4,904,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Purchase of StockCross common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>(3,425,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;Return of capital distribution - StockCross</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(1,600,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Treasury stock sales - StockCross</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>172,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;Net cash provided by / (used in) financing activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,904,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(2,853,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>38,922,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>(13,786,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 7.2pt;">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - beginning of year</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>229,594,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>214,038,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
            <div>Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>268,516,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>200,252,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Cash and cash equivalents - end of period</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>4,536,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>5,883,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Cash and securities segregated for regulatory purposes - end of period</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>263,980,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>194,369,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
            <div>Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>268,516,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>200,252,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Supplemental cash flow information</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Cash paid during the period for income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>133,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>635,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;Cash paid during the period for interest</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Non-cash investing and financing activities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Shares issued for payment of professional services</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,127,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div style="text-align: center;">Numbers are rounded for presentation purposes. See notes to condensed consolidated financial statements.</div>
    <div style="text-align: center;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 4 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
    </div>
    <div style="font-weight: bold;"> <br>
    </div>
    <div style="font-weight: bold;">SIEBERT FINANCIAL CORP. &amp; SUBSIDIARIES</div>
    <div style="font-weight: bold;">NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS<a name="NOTESTOCONDENSEDCONSOLIDA"><!--Anchor--></a></div>
    <div style="font-weight: bold;">(unaudited)</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">1. Organization and Basis of Presentation</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Organization</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Overview</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail 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;SNXT&#8221;), a New York corporation registered with the U.S. Securities and Exchange
      Commission (&#8220;SEC&#8221;) as a Registered Investment Adviser 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. Siebert conducts operations through its wholly-owned subsidiary, Siebert Technologies, LLC. (&#8220;STCH&#8221;), a Nevada limited liability company and developer of robo-advisory technology. Siebert offers prime brokerage services through its
      wholly-owned subsidiary, WPS Prime Services, LLC, (&#8220;WP&#8221;), a Delaware limited liability company and a broker-dealer registered with the SEC. Siebert also owns StockCross Digital Solutions, Ltd. (&#8220;STXD&#8221;), an inactive subsidiary headquartered in
      Bermuda. 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, SNXT, PWC, STCH, WP, and STXD collectively, unless the context otherwise requires.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company is headquartered in New York, NY, with primary operations in New Jersey, Florida, and California. The Company has 16 branch offices throughout the U.S. and clients around the world. The
      Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebert.com, where investors can obtain copies of the Company&#8217;s public filings free of charge. The Company&#8217;s common stock, par value $.01 per share, trades on the Nasdaq Capital
      Market under the symbol &#8220;SIEB.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 nine months ended September 30,
      2020 and 2019 were derived from its operations in the U.S.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company is comprised of a single operating segment based on the factors related to management&#8217;s decision-making framework as well as management evaluating performance
      and allocating resources based on assessments of the Company from a consolidated perspective.</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold;">WPS Prime Services, LLC</div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">As previously disclosed in a Current Report on Form 8-K filed on June 26, 2020, on June 22, 2020, the Company and WPS Acquisitions, LLC entered into an agreement pursuant to which the Company at
        closing would have sold all of the member interests in WP to WPS Acquisitions, LLC for a purchase price of $7.3 million. As reported in a Current Report on Form 8-K filed on July 30, 2020, effective July 24, 2020, the agreement was terminated by
        the Company.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Acquisition of StockCross</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">As previously disclosed in a Current Report on Form 8-K filed on January 25, 2019, the Company purchased approximately 15% of the outstanding shares of StockCross Financial Services, Inc.
        (&#8220;StockCross&#8221;). Subsequently, as previously disclosed in a Current Report on Form 8-K filed on January 7, 2020, the Company acquired the remaining 85% of StockCross&#8217; outstanding shares in exchange for 3,298,774 shares of the Company&#8217;s common stock.
        Effective January 1, 2020, StockCross was merged with and into MSCO, and as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.&#160;</div>
    </div>
    <div><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">Change in Reporting Entity</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of the date of the Company&#8217;s acquisition of StockCross, the Company and StockCross were entities under common control of Gloria E. Gebbia, the Company&#8217;s principal stockholder, and members of her
      immediate family (collectively, the &#8220;Gebbia Family&#8221;). The acquisition represented a change in reporting entity and as such, the companies have been presented on a combined basis for all periods presented in the unaudited condensed consolidated
      financial statements (&#8220;financial statements&#8221;). <font style="font-style: italic;">See &#8220;Note 3 &#8211; Acquisitions&#8221; for additional detail on the transaction with StockCross and the corresponding accounting.</font></div>
    <div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 5 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">COVID-19</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The challenges posed by the COVID-19 pandemic on the global economy increased significantly starting in the first quarter of 2020. COVID-19 has spread across the globe during 2020 and has impacted
      economic activity worldwide. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews,
      shelter-in-place orders and recommendations to practice social distancing.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company instituted a number of temporary closures of branch offices; however, as of the date of the filing of this report, all of the Company&#8217;s branch offices have been re-opened while
      maintaining compliance with federal, state and local mandates and guidelines. The Company has taken significant steps to ensure that its employees and customers are operating in a safe environment by implementing measures such as social distancing,
      sanitizing workstations, temperature checks, requiring masks, and alternating staff. The impact from the COVID-19 pandemic has caused the revenue and income of the Company to decrease; however, the Company has implemented various initiatives to
      offset this decline.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company is actively monitoring the impact of COVID-19 on the Company&#8217;s business, financial condition, liquidity, operations, employees, clients and business partners. Based on management&#8217;s
      assessment as of September 30, 2020, the ultimate impact of COVID-19 on the Company&#8217;s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related
      length of its impact on the global economy, which are uncertain and cannot be predicted at this time.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-style: italic;">See &#8220;Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; for additional detail on COVID-19 and its impact on the Company.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Basis of Presentation</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (&#8220;GAAP&#8221;) 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 management, the accompanying 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
      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, 2019 (&#8220;2019 Form 10-K&#8221;). The 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 and numbers are rounded for presentation purposes.&#160;</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Significant Accounting Policies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company&#8217;s significant accounting policies are included in &#8220;<font style="font-style: italic;">Note 2</font>&#160;<font style="font-style: italic;">&#8211; Summary of Significant Accounting Policies&#8221; </font>in





      the Company&#8217;s 2019 Form 10-K. The following changes to the Company&#8217;s significant accounting policies as of September 30, 2020 are primarily due to the acquisition of StockCross. Other than the updates indicated below and in<font style="font-style: italic;"> &#8220;Note 2 &#8211; New Accounting Standards,&#8221; </font>there have been no significant changes to the Company&#8217;s significant accounting policies.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Cash and Securities Segregated For Regulatory Purposes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">MSCO is subject to Exchange Act Rule 15c3-3, referred to as the &#8220;Customer Protection Rule,&#8221; which requires segregation of funds in a special reserve account for the exclusive benefit of customers.
      Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.<font style="font-style: italic;"> See &#8220;Note 15 &#8211; Capital Requirements&#8221; for additional
        detail.</font></div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Receivables From and Payables To Customers</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Accounts receivable from and payable to customers include amounts due and owed on cash and margin transactions. Securities owned by customers are held as collateral for receivables. Receivables
        from customers are reported at their outstanding principal balance, adjusted for any allowance for doubtful accounts. An allowance is established when collectability is not reasonably assured. When the receivable from a brokerage client is
        considered to be impaired, the amount of impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources such as listed market prices or
        broker-dealer price quotations. Securities beneficially owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the statements of financial condition. No valuation allowance for doubtful
        accounts was necessary as of September 30, 2020 and December 31, 2019.</div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 6 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Accounts receivable from and payable to broker-dealers and clearing organizations includes amounts due from / to introducing broker-dealers, fail-to-deliver and fail-to-receive items, and amounts
      receivable for unsettled regular-way transactions. Deposits with broker-dealers and clearing organizations include amounts held on deposit with broker-dealers and clearing organizations and are included in the line item &#8220;Deposits with broker-dealers
      and clearing organizations.&#8221;</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">MSCO customer transactions for the nine months ended September 30, 2020 were both self-cleared and cleared on a fully disclosed basis through National Financial Services Corp. (&#8220;NFS&#8221;). MSCO
        customer transactions for the nine months ended September 30, 2019 were cleared on a fully disclosed basis through NFS and StockCross, the former of which was an affiliate. As of January 1, 2020, all clearing and other services provided by
        StockCross are performed by MSCO.</div>
      <div style="text-align: justify; text-indent: 36pt;"><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The Company operates on a month to month basis with its broker-dealers and clearing organizations and their fees are offset against the Company's revenues on a monthly basis. As of September 30,
        2020, the Company&#8217;s cash clearing deposits with NFS were $50,000. As of December 31, 2019, MSCO&#8217;s cash clearing deposits with NFS and StockCross were $50,000 and $75,000, respectively. Upon the closing of the Company&#8217;s acquisition of StockCross on
        January 1, 2020, all MSCO deposits with StockCross were eliminated. As of September 30, 2020 and December 31, 2019, MSCO had deposits with and other non-current receivables from multiple broker-dealers and clearing organizations of approximately
        $2.1 million and $1.9 million, respectively.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">WP&#8217;s customer transactions clear on a fully disclosed basis through two clearing broker-dealers, The Goldman Sachs Group, Inc. (&#8220;Goldman Sachs&#8221;) and Pershing LLC (&#8220;Pershing&#8221;). Amounts payable to
        broker-dealers and clearing organizations are offset against amounts receivables from broker-dealers and clearing organizations. Receivables from these broker-dealers and clearing organizations are subject to clearing agreements and include the net
        receivable from net monthly revenues as well as cash on deposit. As of both September 30, 2020 and December 31, 2019, WP&#8217;s cash clearing deposits with Goldman Sachs and Pershing were approximately $2 million and $1 million, respectively.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company evaluates receivables from broker-dealers and clearing organizations and other receivables for collectability noting no amount was considered uncollectable as of September 30, 2020 and
      December 31, 2019. No valuation allowance is recognized for these receivables as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.<font style="font-style: italic;"> See &#8220;Note 11 &#8211;
        Revenue Recognition&#8221; for additional detail on the accounting policies for the revenue related to these receivables.</font></div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Securities Borrowed and Securities Loaned</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-indent: 36pt; text-align: justify;">Securities borrowed are recorded at the amount of cash collateral advanced. Securities borrowed transactions require the Company to deposit cash, letters of credit, or other collateral with the
        lender. Securities loaned are recorded at the amount of cash collateral received. For securities borrowed and loaned, the Company monitors the market value of the securities and obtains or refunds collateral as necessary. </div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Securities Owned, at Fair Value</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Securities owned, at fair value represent marketable securities owned by the Company at trade-date valuation. <font style="font-style: italic;">See &#8220;Note 6 &#8211; Fair Value Measurements&#8221; for
          additional detail.</font></div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Payables to Non-Customers</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 18pt;"><font id="TRGRRTFtoHTMLTab" style="font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Accounts payable to non-customers includes amounts due on cash and margin transactions on accounts owned and controlled by
      principal officers, directors and stockholders of the Company. Payables to non-customers amounts include any amounts received from interest on credit balances.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Payables to non-customers also include amounts due on cash transactions owned and controlled by the Company&#8217;s proprietary accounts of introducing broker-dealers. Effective upon the Company&#8217;s
      acquisition of StockCross on January 1, 2020, the Company no longer had any proprietary accounts of introducing broker-dealers. </div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Securities Sold, Not Yet Purchased, at Fair Value</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Securities sold, not yet purchased, at fair value represent marketable securities sold by the Company prior to purchase at trade-date valuation. <font style="font-style: italic;">See &#8220;Note 6 &#8211;
          Fair Value Measurements&#8221; for additional detail.</font></div>
      <div>&#160;</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 7 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; font-weight: bold;">2. New Accounting Standards</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Recently Adopted Accounting Pronouncements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">ASU 2018</font>-<font style="font-style: italic;">15</font> - In August 2018, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2018-15, Intangibles, Goodwill and
      Other Internal-Use Software, (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation
      costs incurred in a cloud computing arrangement that is hosted by the vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption
      is permitted. The standard can be adopted prospectively or retrospectively. The Company adopted this new standard on January 1, 2020. <font style="font-style: italic;">See &#8220;Note 5 &#8211; Prepaid Service Contract&#8221; for additional detail.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">ASU 2018-13</font> - In August 2018, the FASB issued ASU 2018-13, Fair value Measurement (Accounting Standards Codification (&#8220;ASC&#8221;) 820): Disclosure
      Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes certain disclosures, modifies certain disclosures and adds additional disclosures. The standard is effective for annual periods, including interim
      periods within those annual periods, beginning after December 15, 2019 and early adoption is permitted. The Company adopted the new standard on its effective date, January 1, 2020, and determined it was immaterial to the Company&#8217;s financial
      statements as of September 30, 2020.</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">ASU 2018-07</font> - In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718). ASU 2018-07 is intended to reduce cost and
      complexity of financial reporting for non-employee share-based payments. Currently, the accounting requirements for non-employee and employee share-based payments are significantly different. ASU 2018-07 expands the scope of Topic 718, which
      currently only includes share-based payments to employees, to include share-based payments to non-employees for goods or services. Consequently, the accounting for share-based payments to non-employees and employees will be substantially aligned.
      This ASU supersedes Subtopic 505-50, &#8220;Equity - Equity-Based Payments to Nonemployees.&#8221; The amendments to ASU 2018-07 are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December
      15, 2020. Early adoption is permitted, but no earlier than a company&#8217;s adoption date of ASU No. 2014-09, (Topic 606), &#8220;Revenue from Contracts with Customers.&#8221; The Company adopted this accounting pronouncement on January 1, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company&#8217;s financial statements and
      related disclosures as of September 30, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">3. Acquisitions</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">StockCross</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold;">Overview of Acquisition</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Established in 1971, StockCross was one of the largest privately-owned brokerage firms in the nation and its operations consisted primarily of market making, fixed-income products distribution,
      online or broker-assisted equity trading, securities lending, and equity stock plan services.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Prior to being acquired by the Company, StockCross and the Company were affiliated entities through common ownership and had various related party transactions. In January 2019, the Company acquired
      approximately 15% ownership of StockCross. Effective January 1, 2020, pursuant to an Agreement and Plan of Merger, the Company acquired the remaining 85% of StockCross&#8217; outstanding shares and StockCross was merged with and into MSCO. The purchase
      price paid was approximately $29,750,000 or 3,298,774 shares of the Company&#8217;s restricted common stock which was issued in connection with the acquisition. Prior to the acquisition, MSCO had a clearing agreement with StockCross whereby StockCross
      provided custody and clearing services to MSCO for its securities broker-dealer business; however, as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold;">Accounting for Acquisition</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Prior to and as of the date of the acquisition, the Company and StockCross were entities under common control of the Gebbia Family. As such, the acquisition was accounted for as a transaction between
      entities under common control.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">A common-control transaction is similar to a business combination for the Company as it is the entity that received the net assets of StockCross; however, this common-control transaction does not
      meet the definition of a business combination in accordance with GAAP because there is no change in control over the net assets.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 8 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The acquisition represented a change in reporting entity. As such, upon the closing of the acquisition, the net assets of the Company were combined with those of StockCross at their historical
      carrying amounts. The companies have been presented on a combined basis for all periods presented in the financial statements in a manner similar to a pooling of interests, as the period of common control existed prior to the periods presented in the
      financial statements. Accordingly, the historical financial statements of the Company have been presented under the &#8220;as if pooling&#8221; method.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Prior to the Company&#8217;s acquisition of StockCross, StockCross sold its treasury stock totaling $172,000 to third parties and the Company purchased approximately 15% of the outstanding shares of
      StockCross from an unrelated party for $3,665,000. On September 5, 2019, StockCross made a return of capital distribution in the aggregate amount of $1.6 million, of which the Company received approximately 15%, or $241,000. All of these cash
      transactions are reflected in the &#8220;Cash flows from financing activities&#8221; section of the statements of cash flows for the nine months ended September 30, 2019.</div>
    <div><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">Assets Acquired and Liabilities Assumed</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:</div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="z70d818e299804fce835b31f91978e4d7" style="width: 70%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Historical</div>
            <div style="text-align: center; font-weight: bold;">Carrying Value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 78%;">
            <div>Assets acquired</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Cash and cash equivalents</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>1,588,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>224,814,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Receivables from customers</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>86,331,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>3,105,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Other receivables</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>627,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>346,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Securities borrowed</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>193,529,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>3,018,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>19,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>1,141,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; padding-bottom: 2px;">
            <div>&#160;Deferred tax assets</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>407,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>Total Assets acquired</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>514,925,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>Liabilities assumed</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Payables to customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>308,091,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Payables to non-customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>9,151,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Drafts payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>2,834,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>1,406,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>963,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities loaned</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>170,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%;">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>28,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;Notes payable &#8211; related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>5,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; padding-bottom: 2px;">
            <div>&#160;Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,295,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; background-color: rgb(204, 238, 255);">
            <div>Total Liabilities assumed</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>499,211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; padding-bottom: 2px;">
            <div>&#160;</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Net Assets acquired</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>15,714,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">Pro Forma Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following pro forma financial statements present the statements of income of the Company as if the acquisition of StockCross had occurred on January 1, 2019, inclusive of pro forma adjustments
      (unaudited). The combined results of these pro forma financial statements are also reflected in the Company&#8217;s financial statements for the periods presented for 2019. StockCross&#8217; financial statements have already been consolidated in the Company&#8217;s
      financial statements for the periods presented for 2020:</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 9 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
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    <div>&#160;</div>
    <div style="font-style: italic; font-weight: bold;">Statements of Operations</div>
    <div style="font-style: italic;">Three Months Ended September 30, 2019 (unaudited)</div>
    <div><br>
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    <table cellspacing="0" cellpadding="0" border="0" id="zf20970cc98d64aad9a7fb7810c530cef" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="14" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended September 30, 2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">StockCross</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Pro Forma</div>
            <div style="text-align: center; font-weight: bold;">Adjustments</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Total Combined</div>
            <div style="text-align: center; font-weight: bold;">Siebert</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Commissions and fees</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,925,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>348,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,273,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,944,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>968,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,912,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,041,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>286,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,327,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Interest income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>23,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,038,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Market making</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>349,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>349,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Advisory fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Other income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>351,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(61,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>290,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>7,144,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,670,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(61,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>10,753,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,157,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,652,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>4,809,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>617,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>242,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(61,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>798,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Technology and communications</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>291,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>150,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>441,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Other general and administrative</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>589,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>279,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>868,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Data processing</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>527,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>527,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Rent and occupancy</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>380,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>250,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>630,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Professional fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>439,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>344,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>783,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>244,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>244,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Interest expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>31,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>31,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Total Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>5,717,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,475,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(61,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>9,131,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>30,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(30,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,457,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>195,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(30,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,622,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>353,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>4,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(8,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>349,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Net income / (loss)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,104,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>191,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(22,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Net income per share of common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px;">
            <div>&#160;Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.04</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.03</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.04</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Weighted average shares outstanding</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>6,152,500</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Pro forma shares used to compute net income per share</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,455,962</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 10 -</font></div>
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    <div><br>
    </div>
    <div style="font-style: italic;">Nine Months Ended September 30, 2019 (unaudited)</div>
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          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="14" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended September 30, 2019</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Siebert</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">StockCross</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Pro Forma</div>
            <div style="text-align: center; font-weight: bold;">Adjustments</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">
            <div style="text-align: center; font-weight: bold;">Total Combined</div>
            <div style="text-align: center; font-weight: bold;">Siebert</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Commissions and fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>6,030,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,102,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>7,132,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>8,499,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,662,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>11,161,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Principal transactions</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>5,479,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>659,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>6,138,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
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          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>54,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,363,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,417,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Market making</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,353,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,353,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Advisory fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>572,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>572,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Other income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>816,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(183,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>633,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Total Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>20,634,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>11,258,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(183,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>31,709,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>8,882,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>4,930,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>13,812,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,849,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>659,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(183,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,325,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Technology and communications</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>800,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>464,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,264,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Other general and administrative</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,861,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>926,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,787,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Data processing</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,487,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,487,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Rent and occupancy</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>995,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>759,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,754,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>&#160;Professional fees</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,388,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,180,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,568,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>670,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>19,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>689,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Interest expense</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Total Expenses</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>16,445,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>10,508,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(183,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>26,770,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(84,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Income before provision (benefit) for (from) income taxes</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>4,273,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>750,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>(84,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>4,939,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 2px;">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,171,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>218,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>(24,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,365,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Net income / (loss)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,102,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>532,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(60,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,574,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">
            <div>Net income per share of common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px;">
            <div>&#160;Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.11</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.09</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>0.12</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">
            <div>Weighted average shares outstanding</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>&#160;Basic and diluted</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>27,157,188</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>6,152,500</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 44%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <td valign="bottom" style="vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Pro forma shares used to compute net income per share</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>30,455,962</div>
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    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 11 -</font></div>
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    <div><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">Statements of Financial Condition</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="14" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of December 31, 2019</div>
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          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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            <div style="text-align: center; font-weight: bold;">Siebert</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center; font-weight: bold;">StockCross</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center; font-weight: bold;">Pro Forma</div>
            <div style="text-align: center; font-weight: bold;">Adjustments</div>
            <div style="text-align: center; font-weight: bold;">(unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center; font-weight: bold;">Total Combined Siebert</div>
            <div style="text-align: center; font-weight: bold;">(unaudited)</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
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          <td valign="bottom" style="vertical-align: middle;">
            <div>ASSETS</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Cash and cash equivalents</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,082,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,588,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,670,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Cash and securities segregated for regulatory purposes</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>110,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>224,814,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>224,924,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Receivables from customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>86,331,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>86,331,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,067,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,265,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(808,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,524,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Receivables from related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,000,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(1,000,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Other receivables</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>223,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>627,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(88,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>762,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>624,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>346,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>970,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Securities borrowed</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>193,529,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>193,529,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,018,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,018,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>Total Current assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>8,106,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>511,518,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(1,896,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>517,728,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Deposits with broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,186,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,840,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(75,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>4,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div style="margin-left: 3.35pt;">Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,131,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>19,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,150,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Software, net</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,888,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,888,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,810,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,141,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Equity method investment in related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,360,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(3,360,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Deferred tax assets</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,981,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>407,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>5,388,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Intangible assets, net</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,022,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">
            <div>&#160;Goodwill</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,989,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,989,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px;">
            <div>Total Assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>28,473,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>514,925,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>(5,331,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>538,067,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Payables to customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>308,091,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>308,091,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Payables to non-customers</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>9,151,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(1,088,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>8,063,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Drafts payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,834,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,834,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,406,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(883,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>523,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Payables to related parties</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>7,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(7,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,473,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>963,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>7,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>2,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Securities loaned</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>170,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>170,443,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>88,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>28,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>116,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Interest payable</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>10,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>10,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Current portion of notes payable - related party</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>5,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>8,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Current portion of lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,291,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>936,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>2,227,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>Total Current liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>5,869,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>498,852,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(1,971,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>502,750,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
            <div>&#160;Lease liabilities, less current portion</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>1,823,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>359,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>2,182,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Total Liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>7,692,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>499,211,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>(1,971,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>504,932,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Commitments and Contingencies</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>Stockholders&#8217; equity</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Common stock, $.01 par value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>271,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>10,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>23,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>304,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>&#160;Additional paid-in capital</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>7,641,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>12,436,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(180,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>19,897,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Retained earnings</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>12,869,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,268,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(3,203,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>12,934,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div>Total Stockholders&#8217; equity</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>20,781,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>15,714,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>(3,360,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>33,135,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%; padding-bottom: 4px;">
            <div>Total Liabilities and stockholders' equity</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>28,473,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>514,925,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>(5,331,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>)</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>538,067,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 12 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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></div>
    <div style="text-align: justify; font-style: italic;">Pro Forma Adjustments</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The pro forma results include adjustments made for the consolidation of both entities. The statements of income reflects the elimination of StockCross&#8217; other income and the Company&#8217;s corresponding
      custody and clearing fees resulting from the fully disclosed clearing relationship between MSCO and StockCross. In addition, the Company&#8217;s earnings recognized as part of its equity method investment in StockCross for the three and nine months ended
      September 30, 2019 were eliminated upon consolidation. These adjustments to pre-tax income were tax affected using an estimated effective tax rate of 28.0%.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;The statements of financial condition reflects the elimination of intercompany payables and receivables between the Company and StockCross as part of their ongoing business relationship, as well as
      reflects the elimination of the Company&#8217;s 15% ownership of StockCross. The statements of financial condition reflects an adjustment to increase the Company&#8217;s common stock by the par value of the shares issued in connection with the transaction and to
      eliminate the par value of StockCross&#8217; common stock. The adjustments also increase additional paid-in capital for the net difference, as well as the change in retained earnings from the adjustments in the statements of operations.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of future
      results.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">WP</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold;">Overview of Acquisition</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As previously disclosed in the Company&#8217;s 2019 Form 10-K, the Company completed its acquisition of 100% of the member interests in WP and effective December 1, 2019, WP became a wholly-owned
      subsidiary of the Company. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to ASC 805 - Business Combinations and resulted in $1,989,000 of goodwill.</div>
    <div><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">Pro Forma Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following pro forma summary presents the statements of income of the Company as if the acquisition of WP had occurred on January 1, 2019, inclusive of pro forma adjustments (unaudited). WP&#8217;s
      financial statements have already been consolidated as part of the Company&#8217;s financial statements for the periods presented for 2020.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z79102708ad6247b5a3e0cdab9075c541" style="width: 60%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); padding-bottom: 2px; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended September 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended September 30, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div style="text-align: justify;">Revenue</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>14,372,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>41,191,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 52%;">
            <div style="text-align: justify;">Operating income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
            <div>1,905,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%;">
            <div>3,693,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 52%;">
            <div style="text-align: justify;">Net income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>1,577,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>2,407,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">The pro forma results include adjustments made for the consolidation of both entities. These adjustments take into consideration the interest expense on the promissory note used in financing the
        acquisition, the amortization of the acquired intangible assets, as well as the tax effect of pro forma adjustments using an estimated combined statutory rate of 28.0%.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of
        future results.</div>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold;">4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 13 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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></div>
    <table cellspacing="0" cellpadding="0" border="0" id="z520c21d1f6654910a04449f27ab297aa" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">December 31, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Receivables from and deposits with broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;DTCC / OCC / NSCC</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,678,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,059,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;Goldman Sachs</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,105,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,841,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Pershing Capital</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,279,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>1,192,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;NFS</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,113,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>1,328,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Securities fail-to-deliver</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>207,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>43,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>&#160;&#160;Globalshares</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>24,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;ICBC</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>10,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Total Receivables from and deposits with broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>8,406,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>8,475,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Securities fail-to-receive</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>356,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>523,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div>Total Payables to broker-dealers and clearing organizations</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>356,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>523,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">5. Prepaid Service Contract</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">On April 21, 2020, MSCO entered into a Master Services Agreement (&#8220;MSA&#8221;), with InvestCloud, Inc. (&#8220;InvestCloud&#8221;). Pursuant to the MSA, InvestCloud agreed to provide MSCO with the InvestCloud
      Platform, a new client and back end interface and&#160; related functionalities for MSCO&#8217;s key operations. MSCO agreed to pay InvestCloud as consideration therefore during the initial three-year term an annual license fee of $600,000 as well as an upfront
      professional service fee of $1.0 million for one-time configuration, installation and customization of the software. Following the initial three year term, the MSA will automatically renew for additional one-year terms unless terminated by MSCO upon
      120 days&#8217; notice.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In connection with the MSA, InvestCloud entered into a Side Letter Agreement (&#8220;Side Letter&#8221;) with the Company pursuant to which InvestCloud acquired 193,906 shares of the Company&#8217;s restricted common
      stock (the &#8220;Shares&#8221;) at a per share price of $5.81 (the Company&#8217;s share price as of the close of May 12, 2020) for a total of $1.1 million for professional services to integrate the InvestCloud Platform into Siebert&#8217;s existing systems and
      Robo-Advisor. The Shares were issued to InvestCloud on May 12, 2020 without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4(a)(2) thereunder. This transaction is reflected in the &#8220;Non-cash investing
      and financing activities&#8221; section of the statements of cash flows.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In accordance with ASU 2018-15,&#160;Intangibles, Goodwill and Other Internal-Use Software, the Company initially recorded a prepaid asset equal to the $2.1 million of the total professional services
      related to the development work performed by InvestCloud, which is within the line item &#8220;Prepaid service contract &#8211; non-current&#8221; on the statements of financial condition. The Company will amortize this asset over the 3-year term of the contract, a
      period during which the arrangement is noncancelable. The license fees related to Siebert&#8217;s use of the InvestCloud Platform are prepaid three months in advance and are within the line item &#8220;Prepaid expenses and other assets&#8221; on the statements of
      financial condition. These prepaid license fees are amortized over the three month term. The amortization for all the prepaid assets related to InvestCloud development is within the line item titled &#8220;Technology and Communications&#8221; on the statements
      of income.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">6. Fair Value Measurements</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Overview</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or
        paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the
        asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income, or cost approach, as specified by ASC 820, are used to measure fair value.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Level 1 - Quoted prices (unadjusted) in active markets for an identical asset or liability that the Company can assess at the measurement date.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Level 3 - Unobservable inputs for the asset or liability.</div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 14 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <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;">The availability of observable inputs can vary from security to security and is affected by a variety of factors, such as the type of security, the liquidity of markets, and other characteristics
        particular to the security. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. As such, the degree of judgment exercised in
        determining fair value is greatest for instruments categorized in level 3.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair
        value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily
        available, the Company&#8217;s own assumptions are set to reflect those that the Company believes market participants would use in pricing the asset or liability at the measurement date.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">A description of the valuation techniques applied to the Company&#8217;s major categories of assets and liabilities measured at fair value on a recurring basis is as follows:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">U.S. government securities:&#160;</font>U.S. government securities are valued using quoted market prices and as such, valuation adjustments are not applied.
        Accordingly, U.S. government securities are generally categorized in level 1 of the fair value hierarchy.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Municipal securities:</font>&#160;Municipal securities are valued using recently executed transactions, market price quotations (when observable), bond spreads from
        independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments. The spread data used is for the same maturity as the bond. Municipal securities are generally categorized in level
        2 of the fair value hierarchy.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Corporate bonds and convertible preferred stock:&#160;</font>The fair value of corporate bonds and convertible preferred stock are determined using recently executed
        transactions, market price quotations (when observable), bond spreads, or credit default swap spreads obtained from independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments.
        The spread data used is for the same maturity as the bond. If the spread data does not reference the issuer, then data that references a comparable issuer is used. When position-specific external price data is not observable, fair value is
        determined based on either benchmarking to similar instruments or cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates as significant inputs. Corporate bonds and convertible preferred stocks are
        generally categorized in level 2 of the fair value hierarchy.</div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Equity securities: </font>Equity securities are valued based on quoted prices from the exchange. To the extent these securities are actively traded, valuation
        adjustments are not applied, and they are categorized in level 1 of the fair value hierarchy. Securities quoted in inactive markets or with observable inputs are categorized into level 2. If there are no observable inputs or quoted prices,
        securities are categorized as level 3 assets in the fair value hierarchy. Level 3 assets are not actively traded and subjective estimates based on managements&#8217; assumptions are utilized for valuation.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Mutual funds: </font>Mutual funds are valued based on the closing net asset value of the publicly traded mutual funds. These securities are actively traded and
        therefore valuation adjustments are not applied. As such, mutual funds are categorized in level 1 of the fair value hierarchy.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Certificates of deposit:&#160;</font>Certificates of deposit included in investments are valued at cost, which approximates fair value. When certificates of deposits
        are held directly with banking institutions and issued directly to the Company, these are categorized within cash and cash equivalents in level 2 of the fair value hierarchy. When certificates of deposits are available for trading, they are
        categorized within securities owned, at fair value in level 2 of the fair value hierarchy.</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Fair Value Hierarchy Tables</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.</div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 15 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <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></div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z3d4624d5d83b46f2a26ab32880408bc2" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="14" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 2</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle;">
            <div>Cash and cash equivalents</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Certificates of deposit</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>142,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>142,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Securities owned, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">
            <div>&#160;&#160;U.S. government securities*</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>2,028,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>2,028,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Certificates of deposit</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>91,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>91,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>120,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>120,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>765,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>343,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,108,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; padding-bottom: 2px;">
            <div>&#160;&#160;Mutual funds</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>133,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>133,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Total Securities owned, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,926,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>554,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>3,480,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Liabilities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 52%;">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify;">*As of September 30, 2020, U.S. government securities mature on 08/31/2021</div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z116ee13b015c456689e2684b8162fa18" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="14" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of December 31, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div>Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top;">
            <div>Cash and cash equivalents</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Certificates of deposit</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>142,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>142,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Segregated securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">
            <div>&#160;&#160;U.S. government securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">
            <div>Securities owned, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;U.S. government securities</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,007,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,007,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>25,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>453,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>245,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>288,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>986,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">
            <div>Total Securities owned, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>2,460,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>270,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>288,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>3,018,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%;">
            <div>Liabilities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>88,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>28,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>116,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>88,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>28,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>116,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" id="z1e1c8fc0a3e348899069b2411af80da7" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="4" style="vertical-align: middle; background-color: rgb(204, 238, 255); text-align: center; font-weight: bold;">Changes in Level 3 Equity Assets</td>
          <td valign="bottom" rowspan="1" style="vertical-align: middle; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" rowspan="1" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" rowspan="1" colspan="4" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); text-align: center; font-weight: bold;">Nine Months Ended September 30, 2020</td>
          <td valign="bottom" rowspan="1" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Valuation Technique</div>
          </td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Reason for Change</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 29.3333%;">
            <div>Balance &#8211; January 1, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>288,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%;">
            <div>Liquidation value based on valuation report</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 29.3333%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Transfers out of level 3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>(288,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>)</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>Sale of equity security</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 29.3333%;">
            <div>Balance &#8211; September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 29.3333%;">&#160;&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following represents financial instruments in which the ending balances as of September 30, 2020 and December 31, 2019 are not carried at fair value in the statements of financial condition:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;<font style="font-style: italic;">Short-term financial instruments: </font>The carrying value of short-term financial instruments, including cash and securities segregated for regulatory purposes
      are recorded at amounts that approximate the fair value of these instruments. These financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that
      approximate market rates. Cash and securities segregated for regulatory purposes are classified as level 1. Securities segregated for regulatory purposes consist of treasury notes which are categorized in the above tables as level 1 assets.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 16 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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-style: italic;">Receivables and other assets</font>: Receivables from broker-dealers and clearing organizations, receivables from customers, other receivables, and other assets are
      recorded at amounts that approximate fair value and are classified as level 2 under the fair value hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Securities borrowed and securities loaned</font>: Securities borrowed and securities loaned are recorded at amounts which approximate fair value and are primarily
      classified as level 2 under the fair value hierarchy. The Company&#8217;s securities borrowed and securities loaned balances represent amounts of equity securities borrow and loan contracts and are marked-to-market daily in accordance with standard
      industry practices which approximate fair value.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Payables</font>: Payables to customers, payables to non-customers, drafts payable, payables to broker-dealers and clearing organizations, accounts payable and
      accrued liabilities, and interest payable are recorded at amounts that approximate fair value due to their short-term nature and are classified as level 2 under the fair value hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Notes payable &#8211; related party:</font> The carrying amount of the notes payable &#8211; related party approximates fair value due to the relative short-term nature of the
      borrowing. Under the fair value hierarchy, the notes payable &#8211; related party is classified as level 2.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;"><font style="font-style: italic;">Line of credit</font>: The carrying amount of the line of credit with East West Bank approximates fair value due to the relative short-term nature of the borrowing.
      Under the fair value hierarchy, the line of credit is classified as level 2.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">7. Leases</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company rents office space under operating leases expiring in 2021 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 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 statements of financial condition. The Company acquired two leases from its acquisition of StockCross, the impact of which is reflected in the
        following disclosures.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, 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.</div>
      <div><br>
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z0eeba86deb6640e988aa475ccda4e4aa" style="width: 70%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">December 31, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="text-align: justify;">Assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;Lease right-of-use assets</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>2,813,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,951,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%;">
            <div style="text-align: justify;">Liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 64%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">&#160;Lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,181,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>4,409,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The calculated amounts 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. The Company leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statements of income rather than capitalizing them 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.</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z0185d15dddf349b88fb61fb15eb57890" style="width: 80%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 82%;">
            <div style="font-weight: bold;">Lease Term and Discount Rate</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 82%;">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>2.3</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 82%; background-color: rgb(204, 238, 255);">
            <div>&#160;Weighted average discount rate &#8211; operating leases</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>5.0</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>%</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table represents lease costs and other lease information. The Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease
      cost primarily represents variable payments such as common area maintenance and utilities which are usually determined by the leased square footage in proportion to the overall office building.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 17 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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>
    <table cellspacing="0" cellpadding="0" id="z2153f6a96ef64031a1857910e0c984db" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Operating lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>609,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>509,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,755,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>1,268,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>&#160;Short-term lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>20,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>81,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>83,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>321,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Variable lease cost</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>65,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>40,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>281,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>165,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
            <div>&#160;Sublease income</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Total Rent and occupancy</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>694,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>630,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>2,119,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,754,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>&#160;Operating cash flows from operating leases</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>614,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>512,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,845,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,338,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>Lease right-of-use assets obtained in exchange for new lease liabilities</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; background-color: rgb(204, 238, 255);">
            <div>&#160;Operating leases</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>278,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>&#8212;</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>2,353,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);">
            <div>4,943,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Lease Commitments</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="zf149bd2741b3469d80247185e0cdf8b5" style="width: 60%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%;">
            <div style="font-weight: bold;">Year</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 78%;">
            <div>&#160;2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>606,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;2021</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>1,403,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 78%;">
            <div>&#160;2022</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%;">
            <div>755,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255);">
            <div>&#160;2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>543,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 78%; padding-bottom: 2px;">
            <div>&#160;2024</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>56,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255);">
            <div>Remaining balance of lease payments</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255);">
            <div>3,363,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 78%; padding-bottom: 2px;">
            <div>&#160;Difference between undiscounted cash flows and</div>
            <div>&#160;discounted cash flows</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>182,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Lease liabilities</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 19%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,181,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company had an operating lease agreement for an office space in Beverly Hills, CA with a term of approximately 5 years. The total commitment of the lease is
      approximately $1.5 million, and the lease will commence on March 1, 2021.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Rent and occupancy expenses were $694,000 and $630,000 for the three months ended September 30, 2020 and 2019, respectively. Rent and occupancy expenses were $2,119,000 and $1,754,000 for the nine
      months ended September 30, 2020 and 2019, respectively.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">8. Goodwill and Intangible Assets, Net</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Goodwill</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020 and December 31, 2019, the Company&#8217;s carrying amount of goodwill was $1,989,000, all of which came from the Company&#8217;s acquisition of WP<font style="font-style: italic;">.</font></div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Intangible Assets, Net</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As a result of the Company&#8217;s acquisition of WP, the Company had intangible assets consisting of WP&#8217;s customer relationships and WP&#8217;s trade name, the fair values of which were $987,000 and $70,000,
      respectively, as of the acquisition date.&#160;Pursuant to the Company&#8217;s agreement with the original owners of WP, the Company agreed to discontinue using the name of Weeden Prime Services, LLC and filed to change it to WPS Prime Services, LLC in May
      2020. As of September 30, 2020, the WP trade name has been fully amortized.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 18 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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-weight: bold;">Impairment</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the nine months ended September 30, 2020, management concluded that there have been no impairments to the carrying value of the Company&#8217;s goodwill and other tangible and intangible assets.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">9. Long-Term Debt</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Line of Credit with East West Bank</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">As previously reported in a Current Report on Form 8-K filed July 28, 2020, on July 22, 2020, the Company entered into a Loan and Security Agreement with East West Bank. In accordance with the terms
      of this agreement, the Company has the ability to borrow term loans in an aggregate principal amount not to exceed $10 million during the two-year period after July 22, 2020. The Company&#8217;s obligations under the agreement are secured by a lien on all
      of the Company&#8217;s cash, dividends, stocks and other monies and property from time to time received or receivable in exchange for the Company&#8217;s equity interests in and any other rights to payment from the Company&#8217;s subsidiaries; any deposit accounts
      into which the foregoing is deposited and all substitutions, products, proceeds (cash and non-cash) arising out of any of the foregoing. Each term loan will have a term of four years, beginning when the draw is made.&#160;The repayment schedule will
      utilize a five-year (60 month) amortization period, with a balloon on the remaining amount due at the end of four years.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Term loans made pursuant to the agreement shall bear interest, at the Company&#8217;s option, (i) at the prime rate, as reported by the Wall Street Journal, or (ii) 3.0% above the LIBOR rate, provided that
      the minimum interest rate on any term loan will not be less than 3.25%. In addition to the foregoing, on the date that each term loan is made, the Company shall pay to the lender an origination fee equal to 0.25% of the principal amount of such term
      loan. Pursuant to the loan agreement, the Company paid all lender expenses in connection with the loan agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">This agreement contains certain financial and non-financial covenants. The financial covenants are that the Company must maintain a debt service coverage ratio of 1.35 to 1, an effective tangible net
      worth of a minimum of $25 million, and MSCO must maintain a net capital ratio that is not less than 10% of aggregate debit items. Certain other non-financial covenants include that the Company must promptly notify East West Bank of the creation or
      acquisition of any subsidiary that at any time owns assets with a value of $100,000 or greater. As of September 30, 2020 and the date of the filing of this report, the Company was in compliance with all of its covenants related to this agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In addition, the Company&#8217;s obligations under the agreement are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the John and Gloria
      Living Trust, U/D/T December 8, 1994 (the &#8220;Trust&#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust.</div>
    <div>&#160;&#160; </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company has drawn down a term loan of approximately $4.9 million under this agreement. The Company has incurred interest expense in relation to this term loan of $15,000
      for both the three and nine months ended September 30, 2020.</div>
    <div>&#160;</div>
    <div style="font-weight: bold;">10. Notes Payable - Related Party</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company&#8217;s principal stockholder, the details of which are presented below:<br>
      <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z0b46099b6f2840948201f246a20678b1" style="width: 70%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 46%;">
            <div style="font-weight: bold;">Description</div>
          </td>
          <td valign="bottom" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 36%;">
            <div style="text-align: center; font-weight: bold;">Issuance Date</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Face Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 46%;">
            <div>&#160;&#160;4% due December 2, 2020</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 36%;">
            <div style="text-align: center;">December 2, 2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
            <div>3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 46%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 36%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" colspan="2" style="vertical-align: top;">
            <div>Subordinated to MSCO*</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 46%; background-color: rgb(204, 238, 255);">
            <div>&#160;&#160;4% due November 30, 2021**</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 36%; background-color: rgb(204, 238, 255);">
            <div style="text-align: center;">November 30, 2018</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255);">
            <div>3,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 46%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 36%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 46%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Total Notes payable &#8211; related party</div>
          </td>
          <td valign="bottom" style="vertical-align: top; width: 36%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>6,000,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify;">*The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.</div>
    <div style="text-align: justify;">**This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Notes subordinated to MSCO are subordinated to the claims of general creditors, approved by FINRA, and are included in MSCO&#8217;s calculation of net capital and the capital requirements under FINRA and
      SEC regulations.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 19 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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="font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company&#8217;s interest expense incurred for these notes for the three months ended September 30, 2020 and 2019 was $104,000 and $24,000, respectively. The Company&#8217;s interest expense incurred for
      these notes for the nine months ended September 30, 2020 and 2019 was $220,000 and $66,000, respectively. The Company&#8217;s interest payable was $0 and $10,000 as of September 30, 2020 and December 31, 2019, respectively. Effective March 3, 2020, the
      interest rate on the loan due November 30, 2021 was renegotiated from 2.75% to 4%. There was no consideration paid or received as part of this renegotiation.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">11. Revenue Recognition</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Overview of Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The primary sources of revenue for the Company are as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Margin Interest, Marketing and Distribution fees</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees resulting from rebates in money market funds. Margin interest is the net interest charged to
      customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from money market funds. Margin interest, marketing and distribution fees are recorded as earned.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Commissions and Fees</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company earns commission revenue for executing trades for clients in individual equities, options, insurance products, futures, fixed income securities, as well as certain third-party mutual
      funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is recognized at a point in time on the trade date when the performance obligation is
      satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to /
      from the customer.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Principal Transactions</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited order, buys or sells securities as principal and at the same time buys or sells the
      securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that
      is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to / from the customer.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Market Making</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Market making is revenue generated from the buying and selling of securities. Market making transactions are recorded on a trade-date basis as the securities transactions occur. The performance
      obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have been transferred to / from the counterparty.
      Securities owned are recorded at fair market value at the end of the reporting period.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Stock Borrow / Stock Loan</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company borrows securities on behalf of retail clients to facilitate short trading, loans excess margin securities from client accounts, facilitates borrow and loan contracts for broker-dealer
      counterparties, and provides stock locate services to broker-dealer counterparties. The Company does not utilize stock borrow / stock loan activities for the purpose of financing transactions. Stock borrow / stock loan revenue is reported on a
      monthly basis net of expense. The performance obligation is satisfied on the contract date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have
      been transferred to / from the counterparty.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the three months ended September 30, 2020, stock borrow / stock loan revenue was $1,267,000 ($2,499,000 gross revenue less $1,232,000 expenses). For the three months ended September 30, 2019,
      stock borrow / stock loan revenue was $349,000 ($2,111,000 gross revenue minus $1,762,000 expenses).</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the nine months ended September 30, 2020, stock borrow / stock loan revenue was $2,482,000 ($6,170,000 gross revenue less $3,688,000 expenses). For the nine months ended September 30, 2019, stock
      borrow / stock loan revenue was $1,353,000 ($8,381,000 gross revenue minus $7,028,000 expenses).</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 20 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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: italic; font-weight: bold;">Advisory Fees</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company earns advisory fees associated with managing client assets. The performance obligation related to this revenue stream is satisfied over time; however, the advisory fees are variable as
      they are charged as a percentage of the client&#8217;s total asset value, which is determined at the end of the quarter.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Interest Income</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company earns interest from clients&#8217; accounts, net of payments to clients&#8217; accounts, and on the Company&#8217;s bank balances and is recorded as earned.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Other Income</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other income represents fees generated from correspondent clearing fees, corporate services client fees, payment for order flow, and transactional fees generated from client accounts. Transactional
      fees are recorded concurrently with the related activity. Other income is recorded as earned.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Categorization of Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table presents the Company&#8217;s major revenue categories and when each category is recognized:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z440d30bfecd24ca29600480188396556" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 26%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 18%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px; width: 26%;">
            <div style="font-weight: bold;">Revenue Category</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); width: 18%;">
            <div style="font-weight: bold;">Timing of Recognition</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 26%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 18%;">&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
            <div style="text-align: justify;">Trading Execution and Clearing Services</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;Commissions and fees</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>4,679,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>2,273,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>15,149,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>7,132,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
            <div>&#160;Principal transactions</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,342,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,327,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>8,126,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>6,138,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">
            <div style="text-align: justify;">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;Market making</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>423,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>330,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,508,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,303,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,267,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>349,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,482,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,353,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">
            <div style="text-align: justify;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;Advisory fees</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>305,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>810,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>572,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>9,016,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>5,490,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>28,075,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>16,498,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
            <div>&#160;Margin interest</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,130,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,068,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>6,465,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>8,755,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">
            <div style="text-align: justify;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div>&#160;12b1 fees</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>181,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>844,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>1,265,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>2,406,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
            <div>&#160;Total Margin interest, marketing and</div>
            <div>&#160;distribution fees</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>2,311,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,912,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>7,730,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>11,161,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%;">
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>915,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>1,061,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,155,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%;">
            <div>3,417,000</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%;">
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          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>333,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>290,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>1,035,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>633,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; padding-bottom: 2px;">&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; background-color: rgb(204, 238, 255);">
            <div>&#160;Total Other Income</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>3,559,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>5,263,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>11,920,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255);">
            <div>15,211,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; padding-bottom: 2px;">&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Total Revenue</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>12,575,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>10,753,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>39,995,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>31,709,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" style="vertical-align: top; width: 18%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following table presents each revenue category and its related performance obligation:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z602008e28a1a439da2c460d87c0a8a7c" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify; font-weight: bold;">Revenue Stream</div>
          </td>
          <td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify; font-weight: bold;">Performance Obligation</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle;">
            <div>Commissions and fees, Principal transactions, Market making, Stock borrow /</div>
            <div>stock loan, Advisory fees</div>
          </td>
          <td style="width: 50%; vertical-align: middle;">
            <div>Provide financial services to customers and counterparties</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>Margin interest, marketing and distribution fees, Interest income, Other income</div>
          </td>
          <td style="width: 50%; vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div>n / a</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 21 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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="font-weight: bold;">Soft Dollar Arrangement</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As a result of the acquisition of WP, the Company has soft dollar and commission sharing arrangements with customers that fall both within, and outside of, the safe harbor provisions of Rule 28(e) of
      the Securities Exchange Act of 1934 ("Rule 28(e)"), as amended. These soft dollar arrangements were determined to be a separate performance obligation that should be allocated a portion of the transaction price.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Under these arrangements, the Company charges additional dollars on customer trades and uses these fees to pay third parties for research, brokerage services, market data, and related expenses
      (&#8220;research services&#8221;) on behalf of clients. The Company is an agent in these arrangements, as it does not control the research services before they are transferred to the customer. As such, the revenue from these agreements are recognized net of cost
      in the statements of income in the line item &#8220;Commissions and fees.&#8221;</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company paid client expenses of approximately $142,000 and $494,000 for the three months and nine months ended September 30, 2020, respectively. The Company had an outstanding receivable and
      payable of approximately $5,000 and $150,000, respectively, as of September 30, 2020. The receivable and payable are in the line items &#8220;Other receivables&#8221; and &#8220;Accounts payable and accrued liabilities,&#8221; respectively, on the statement of financial
      condition.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; margin-right: 9.05pt;">As of September 30, 2020 and December 31, 2019, no allowance for uncollectible commissions was necessary as the Company believes all commissions receivable and prepaid research
      services expenses will be realized.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Other Items</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the nine months ended September 30, 2020 and 2019, 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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company concludes that its revenue streams have the same underlying economic factors, and as such, no disaggregation of revenue is required.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">12. Referral Fees</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Upon the acquisition of WP, the Company has agreements with various third parties to share commissions and pay fees as defined in the respective agreements. These expenses totaled approximately
      $154,000 and $427,000 for the three and nine months ended September 30, 2020, respectively, which are presented in the line item &#8220;Referral fees&#8221; in the statements of income.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">13. Income Taxes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company&#8217;s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company&#8217;s year-to-date tax provision with the effective rate that it
      expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. As of September 30, 2020, the Company has concluded that its deferred tax assets are
      realizable on a more-likely-than-not basis with the exception of certain New Jersey net operating losses.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">CARES Act</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (&#8220;CARES Act&#8221;) was enacted in response to COVID-19 pandemic. Under ASC 740, the effects of changes in tax rates and laws are
      recognized in the period which the new legislation is enacted. The CARES Act made various tax law changes including among other things (i) increased the limitation under IRC Section 163(j) for 2019 and 2020 to permit additional expensing of interest
      (ii) enacted a technical correction so that qualified improvement property can be immediately expensed under IRC Section 168(k) and (iii) made modifications to the federal net operating loss rules including permitting federal net operating losses
      incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years in order to generate a refund of previously paid income taxes and (iv)&#160;enhanced recoverability of AMT tax credits. The CARES Act did not have a significant impact
      on the Company&#8217;s financial statements as of September 30, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Income Tax / Benefit and Effective Tax Rate</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the three months ended September 30, 2020, the Company recorded an income tax benefit of $486,000 on income before benefit from income taxes of $95,000. The effective tax rate for the three
      months ended September 30, 2020 was (511.6)%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in
      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 22 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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;">For the nine months ended September 30, 2020, the Company recorded an income tax provision of $39,000 on income before provision for income taxes of $2,095,000. The effective tax rate for the nine
      months ended September 30, 2020 was 1.9%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in
      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">For the three and nine months ended September 30, 2019, the Company recorded an income tax provision of $349,000 and $1,365,000, respectively. The effective tax rate for the three and nine months
      ended September 30, 2019 was 21.5% and 27.6%, respectively. The effective tax rate differs from the statutory rate of 21% primarily related to state taxes.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Uncertain Tax Positions</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Income tax benefits are recognized for a tax position when, in management&#8217;s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax
      position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority.</div>
    <div style="text-align: justify; text-indent: 36pt;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, the Company recorded an uncertain tax position of $1,041,000 attributable to the Company&#8217;s 2017 to 2019 amended tax returns as the Company&#8217;s anticipated tax refunds exceed
      the amount that meets the more-likely-than-not recognition threshold. The net impact from the uncertain tax position was recorded as a reduction of the Company&#8217;s income tax receivable. The Company expects to receive an income tax refund of
      approximately $248,000 by the first quarter of 2021. In the event that the Company concludes that the Company is subject to interest and / or penalties arising from uncertain tax positions, the Company will present interest and penalties as a
      component of income taxes.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company recognized the anticipated refunds in three months ended September 30, 2020, as this is the period the Company concluded it would amend its federal tax returns and file refund claims as
      well as calculated the amount of refund to be received.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">14. Earnings Per Share</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 $581,000 and
      $1,273,000 for the three months ended September 30, 2020 and 2019, respectively. The Company had net income of $2,056,000 and $3,574,000 for the nine months ended September 30, 2020 and 2019, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">15. Capital Requirements</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">MSCO and StockCross</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Net Capital</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">MSCO is subject to the Uniform Net Capital Rules of the SEC (Rule 15c3-1) of the Securities Exchange Act of 1934. Under the alternate method permitted by this rule, net capital, as defined, shall not
      be less than the lower of $1 million or 2% of aggregate debit items arising from customer transactions. As of September 30, 2020, MSCO&#8217;s net capital was $27.9 million, which was approximately $25.6 million in excess of its required net capital of
      $2.3 million, and its percentage of aggregate debit balances to net capital was 24.4%.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of December 31, 2019, MSCO&#8217;s net capital was $4.4 million, which was $4.2 million in excess of its required net capital of $250,000. As of December 31, 2019, StockCross&#8217; net capital was $18.8
      million, which was $16.7 million in excess of its required net capital of $2.1 million, and its percentage of aggregate debit balances to net capital was 17.6%. Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the capital of
      MSCO and StockCross was combined.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Special Reserve Account</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">MSCO is subject to Customer Protection Rule 15c3-3 which requires segregation of funds in a special reserve account for the exclusive benefit of customers. As of September 30, 2020, MSCO had cash
      deposits of $264.0 million in the special reserve accounts which was $16.6 million in excess of the deposit requirement of $247.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on October 1, 2020, MSCO had $7.1 million in
      excess of the customer reserve requirement.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of December 31, 2019, MSCO did not have any special reserve accounts. As of December 31, 2019, StockCross had deposits of $223.4 million (cash of $222.1 million and securities with fair value of
      $1.3 million) in the special reserve account which was $4 million in excess of the deposit requirement of $219.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $1 million in excess of the
      customer reserve requirement. Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of December 31, 2019, StockCross was also subject to the PAB Account Rule 15c3-3 of the SEC which requires segregation of funds in a special reserve account for the exclusive benefit of
      proprietary accounts of introducing broker-dealers. As of December 31, 2019, StockCross had segregated cash of $1.4 million under rule 15c3-3. As of December 31, 2019, StockCross had $1.4 million in the special reserve account which was $282,000 in
      deficit of the deposit requirement of $1.7 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $218,000 in excess of the PAB reserve requirement. Effective upon the Company&#8217;s acquisition of
      StockCross on January 1, 2020, MSCO no longer had a PAB requirement.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">WP</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Net Capital</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">WP, as a member of FINRA, is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital,
      both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. WP is also subject to the CFTC's minimum financial requirements which require that
      WP maintain net capital, as defined, equal to the greater of its requirements under Regulation 1.17 under the Commodity Exchange Act or Rule 15c3-1.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, WP&#8217;s net capital was approximately $3.7 million which was $3.5 million in excess of its minimum requirement of $250,000 under 15c3-1. As of December 31, 2019, WP&#8217;s net
      capital was approximately $3.9 million which was $3.7 million in excess of its minimum requirement of $250,000 under 15c3-1.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">16. Financial Instruments with Off-Balance Sheet Risk</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Company enters into various transactions to meet the needs of customers, conduct trading activities, and manage market risks and is, therefore, subject to varying degrees of market and credit
      risk. </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In the normal course of business, the Company's customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose the
      Company to off-balance sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Company's customer securities activities are transacted on either a cash or margin basis. In margin transactions, the Company extends credit to its customers, subject to various regulatory and
      internal margin requirements, collateralized by cash and securities in the customers' accounts. In connection with these activities, the Company executes and clears customer transactions involving the sale of securities not yet purchased,
      substantially all of which are transacted on a margin basis subject to individual exchange regulations.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">Such transactions may expose the Company to off-balance sheet risk in the event margin requirements are not sufficient to fully cover losses that customers may incur. In the event the customer fails
      to satisfy obligations, the Company may be required to purchase or sell financial instruments at prevailing market prices to fulfill the customer's obligations.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Company seeks to control the risks associated with its customer activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. The
      Company monitors required margin levels daily and pursuant to such guidelines, requires customers to deposit additional collateral or to reduce positions when necessary.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">The Company's customer financing and securities settlement activities may require the Company to pledge customer securities as collateral in support of various secured financing sources such as bank
      loans and securities loaned. In the event the counterparty is unable to meet its contractual obligation to return customer securities pledged as collateral, the Company may be exposed to the risk of acquiring the securities at prevailing market
      prices in order to satisfy its customer obligations. The Company controls this risk by monitoring the market value of securities pledged on a daily basis and by requiring adjustments of collateral levels in the event of excess market exposure. In
      addition, the Company establishes credit limits for such activities and monitors compliance on a daily basis.</div>
    <div>&#160;</div>
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    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">17. Commitments, Contingencies, and Other</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Legal and Regulatory Matters</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">General Contingencies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As part of this plan, the Company recognized expenses of $412,000 and $136,000 for the three months ended September 30, 2020 and 2019, respectively. As part of this plan, the Company recognized
      expenses of $962,000 and $594,000 for the nine months ended September 30, 2020 and 2019, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company had an accrual of $78,000 as of September 30, 2020, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">18. Related Party Disclosures</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">StockCross</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">StockCross and the Company were under common ownership, and prior to January 1, 2020, StockCross served as one of the clearing broker-dealers for the Company. The StockCross clearing agreement with
        the Company provided that StockCross passed through all revenue and charged the Company for related clearing expenses. Outside of the clearing agreement, the Company had an expense sharing agreement with StockCross for its Beverly Hills and Jersey
        City branch offices, and StockCross paid some vendors for miscellaneous expenses which it passed through to the Company.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. Effective January 1, 2020, the Company acquired the remaining 85% of StockCross in exchange for 3,298,774
        shares of the Company&#8217;s common stock and StockCross was merged with and into MSCO. Upon the closing of this transaction on January 1, 2020, all receivables and payables between the Company and StockCross as well as any earnings from the Company&#8217;s
        equity method investment in StockCross were eliminated upon consolidation.</div>
      <div><br>
      </div>
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      </div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Kennedy Cabot Acquisition, LLC</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Kennedy Cabot Acquisition, LLC (&#8220;KCA&#8221;) is an affiliate of the Company and is under common ownership with the Company. To gain efficiencies and economies of scale with billing and administrative
        functions, KCA serves as a paymaster for the Company for payroll and related functions, the entirety of which KCA passes through to the subsidiaries of the Company proportionally. In addition, KCA has purchased the naming rights of the Company for
        the Company to use.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">KCA sponsors a 401(k) profit sharing plan which covers substantially all of the Company&#8217;s employees. Employee contributions to the plan are at the discretion of eligible employees. There were no
      contributions by the Company or KCA to the plan for the nine months ended September 30, 2020 and 2019.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt;">In January 2020, MSCO sold approximately $290,000 worth of a private equity security to KCA at cost.</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Park Wilshire Companies, Inc.</div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $21,000 and $3,000 for the three months ended September 30, 2020 and 2019, respectively. Revenue for
        PWC from related parties was $65,000 and $67,000 for the nine months ended September 30, 2020 and 2019, respectively.</div>
      <div style="text-align: justify; text-indent: 36pt;"><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Gloria E. Gebbia and John J. Gebbia</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company has entered into various debt agreements with Gloria E. Gebbia, the Company&#8217;s principal stockholder. <font style="font-style: italic;">See &#8220;Note 10 &#8211;&#160;Notes Payable - Related Party&#8221; for
        additional detail</font>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">In addition, the Company&#8217;s obligations under its Agreement with East West Bank are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the
      John and Gloria Living Trust, U/D/T December 8, 1994 (the &#8220;Trust&#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust. <font style="font-style: italic;">See &#8220;Note 9 &#8211;&#160;Long-Term Debt&#8221; for additional detail</font>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Gebbia Sullivan County Land Trust</div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company operates on a month-to-month lease agreement for its branch office in Omaha, Nebraska with the Gebbia Sullivan County Land Trust, the trustee of which is a relative of the Gebbia Family.
      For both the three months ended September 30, 2020 and 2019, rent expense was $15,000 for this branch office. For both the nine months ended September 30, 2020 and 2019, rent expense was $45,000 for this branch office.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">19. Subsequent Events<br>
      </font><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The Company has evaluated events that have occurred subsequent to September 30, 2020 and through November 16, 2020, the date of the filing of this report.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">On November 10, 2020, the Company issued 150,000 shares of its restricted common stock (the &#8220;Shares&#8221;) to each of Anthony Palmeri and Gerard Losurdo, each new employees of MSCO, as part of their
      employment agreements. Mr. Palmeri and Mr. Losurdo each paid the Company approximately $400,000 for their Shares, which was equal to 70% of the closing price of the common stock as reported on Nasdaq on November 9, 2020. The Shares issued to Mr.
      Palmeri and Mr. Losurdo are subject to a three-year restriction on transfer commencing on the day of issuance. The issuance of the Shares were each approved by unanimous written consent of the Company's board of directors. The shares were issued to
      Mr. Palmeri and Mr. Losurdo as part of their employment agreements in accordance with Nasdaq Listing Rule 5635(c)(4). The Shares were issued without registration under the Securities Exchange Act of 1933, as amended in reliance upon the exemption
      provided in Section 4(a)(2) thereunder.<br>
    </div>
    <br>
    <div style="text-align: justify; text-indent: 36pt;">Other than the event described above, there have been no 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 September 30, 2020.</div>
    <div><br>
    </div>
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    </div>
    <div><br>
    </div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 2. MANAGEMENT&#8217;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS<a name="ITEM2.MANAGEMENTSDISCUSSI"><!--Anchor--></a></div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold;">Introduction</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (&#8220;MD&amp;A&#8221;) is intended to help the reader understand the results of our operations and financial
      condition. This MD&amp;A is provided as a supplement to, and should be read in conjunction with, our financial statements and accompanying notes to financial statements.</div>
    <div><br>
    </div>
    <div style="font-weight: bold;">Forward-Looking Statements</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;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,
        including statements about our beliefs and expectations, are &#8220;forward-looking statements&#8221; within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. 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 addition, any statements that refer to expectations, projections, or
        other characterizations of future events or circumstances are forward-looking statements.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">These forward-looking statements, which reflect our management&#8217;s beliefs, objectives, and expectations as of the date hereof, are based on the best judgement of our management. All forward-looking
        statements speak only as of the date on which they are made. Such forward-looking statements are subject to certain risks, uncertainties and assumptions relating to factors that could cause actual results to differ materially from those anticipated
        in such statements, including, without limitation, the following: economic, social and political conditions, global economic downturns resulting from extraordinary events such as the COVID-19 pandemic 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; failure to maintain relationships with employees, customers, business partners
        or governmental entities; the inability to achieve synergies or to implement integration plans and other consequences associated with risks and uncertainties detailed in our filings with the SEC, including our most recent filings on Forms 10-K and
        10-Q.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">&#160;We caution that the foregoing list of factors is not exclusive, and new factors may emerge, or changes to the foregoing factors may occur, that could impact our business. 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.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">This discussion should be read in conjunction with our financial statements on our 2019 Form 10-K, and our financial statements and the notes thereto contained elsewhere in this Quarterly Report on
      Form 10-Q.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Executive Overview</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">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. 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.</div>
    </div>
    <div style="text-align: justify;"><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">COVID-19</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Impact</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Overview</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In March 2020, the World Health Organization declared the spread of COVID-19 a worldwide pandemic. In response to COVID-19, national and local governments around the world have instituted certain
      measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews, shelter-in-place orders and recommendations to practice social distancing. The COVID&#8209;19 pandemic has adversely impacted the
      economic environment, leading to lower interest rates across the curve, lower equity market valuations and heightened volatility in the financial markets. We are actively monitoring the impact of COVID-19 on our business, financial condition,
      liquidity, operations, employees, clients and business partners.</div>
    <div style="font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
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    </div>
    <div style="font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div style="text-align: justify; font-style: italic;">Financial Impact</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">During the first quarter of 2020, the Federal Reserve cut the federal funds target overnight rate twice for a total of 150 basis points to near zero. This decline in interest rates has led to a
      decrease in our revenue from margin interest, marketing and distribution fees and interest income and may continue to have a negative impact on these revenue streams in the foreseeable future.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Our commissions and fees and principal transaction revenues decreased due to the high market volatility; however, revenue from our institutional customer base has declined only slightly since the
      first quarter of 2020. We note that the revenue from our business lines acquired from StockCross that are not directly correlated to interest rates such as market making, stock loan and other income have either increased or been relatively flat from
      the first quarter of 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Management Response</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Operations</div>
    <div style="text-align: justify; text-indent: 36pt;"><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In response to the pandemic and for the protection of our employees, clients and business partners, we implemented remote work arrangements for nearly 100% of our employees, restricted business
      travel and temporarily closed some of our branch offices. With our ability to meet a vast majority of our clients' needs through our technology-based platforms and services, these arrangements did not materially affect our ability to maintain our
      business operations.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of the date of this report, we have reopened our branch offices while ensuring compliance with federal, state, and local laws as well as health and safety guidelines. We have taken significant
      steps to ensure that our employees and customers are operating in a safe environment by implementing measures such as social distancing, sanitizing workstations, temperature checks, requiring masks, and alternating staff. Throughout this challenging
      time, our unwavering focus on continuing to earn our clients&#8217; trust is made possible by the significant contributions of our employees, and we remain committed to serving our clients while protecting our employees&#8217; wellbeing.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Expense Reduction</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">To offset the decrease in our earnings associated with COVID-19, we have reduced the salary of higher-level employees and made a reduction in force in certain areas of our business. In addition,
        all members of our board of directors have either reduced their annual fees or are currently functioning without an annual fee.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">We are strategically evaluating our clearing relationship opportunities within our institutional operations to gain more income. We are assessing all of our vendors to identify areas where we can
        optimize our cost structure while maintaining operational efficiency and quality of the customer experience. As of the date of this report, we are actively involved in contract negotiations with key vendors to reduce many of our fixed costs.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">In addition, we have evaluated our branch offices and are transitioning out of legacy office space into more cost-efficient locations. We anticipate the benefits of these transitions to provide
        cost reductions beginning in the second quarter of 2021 and are looking into ways to further consolidate our office space.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">We do not believe any of the changes listed above will have a negative impact on the operations or financials of our business.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Liquidity and Capital Resources</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The situation surrounding COVID-19 has not materially impacted our position or future outlook related to liquidity as we have been able to meet all obligations and believe we will be able to do so in
      the foreseeable future.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Conclusion</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We note that the ultimate impact of COVID-19 on our business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and
      the related length of its impact on the global economy, which are uncertain and cannot be predicted at this time. We are currently monitoring the COVID-19 situation and will continue to respond to meet the demands of our clients as well as protect
      our employees.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 28 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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-weight: bold;">Acquisitions</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">StockCross</div>
    <div><br>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic;">Overview</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Established in 1971, StockCross was one of the largest privately-owned brokerage firms in the nation and its operations consisted primarily of market making, fixed-income products distribution,
      online or broker-assisted equity trading, securities lending, and equity stock plan services.</div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In January 2019, we acquired approximately 15% ownership of StockCross which was accounted for under the equity method. Effective January 1, 2020, we acquired the remaining 85% of StockCross&#8217;
      outstanding shares in exchange for 3,298,774 shares of our common stock and StockCross was merged with and into MSCO. As of January 1, 2020, the business and operations of StockCross became part of MSCO, and all clearing and other services provided
      by StockCross are performed by MSCO. In addition, as of January 1, 2020, our equity method investment in StockCross was eliminated.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Accounting for Acquisition</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Prior to and as of the date of our acquisition of StockCross, Siebert and StockCross were entities under common control of the Gebbia Family. The acquisition represented a change in reporting entity
      and as such, the companies have been presented on a combined basis for all periods presented in the financial statements. This presentation is reflected in the section below comparing statements of income and statements of financial condition to
      prior periods.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We acquired various assets and liabilities from StockCross as of the acquisition date, the fair values of which were assumed to be the historical carrying amounts. The excess of the purchase price
      over the fair value of the net assets acquired was eliminated due to the transaction being between entities under common control. <font style="font-style: italic;">See &#8220;Note 3 &#8211; Acquisitions&#8221; for additional detail on the transaction with StockCross
        and the corresponding accounting.</font></div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic;">Recent Results</div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">The new business lines acquired from StockCross have added additional revenue streams to our statements of income. These new revenue streams include interest income from clearing operations, market
        making, and stock borrow / stock loan, all of which have contributed approximately $5.3 million of revenue for the nine months ended September 30, 2020. In terms of our existing revenue streams, StockCross added incremental commissions and fees,
        margin interest, marketing and distribution fees, and principal transactions from their client base and operations. Our existing expenses primarily related to compensation, occupancy as well as clearing and technology costs have also increased from
        the corresponding increase in StockCross revenue and operations. <font style="font-style: italic;">See &#8220;Note 11 &#8211; Revenue Recognition&#8221; for further detail on our revenue streams and corresponding accounting policies.</font></div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">The acquisition of StockCross has also impacted our statements of financial condition as the nature of StockCross&#8217; business requires the presentation of various customer and securities assets and
        corresponding liabilities on the statements of financial condition. StockCross has added new assets to our statements of financial condition such as cash and securities segregated for regulatory purposes, receivables from customers, and securities
        borrowed as well as new liabilities such as payables to customers, payables to non-customers and securities loaned. StockCross has also added incremental assets and liabilities to the majority of our existing items within our statements of
        financial condition such as receivables from broker-dealers and clearing organizations and notes payable &#8211; related party.</div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Further, as of January 1, 2020, the acquisition of StockCross added approximately $1.5 billion in retail customer net worth and approximately 30,000 retail accounts to Siebert.</div>
    <div><br>
    </div>
    <div style="font-style: italic; font-weight: bold;">WP</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Overview</div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">Effective December 1, 2019, we acquired all of the issued and outstanding membership interests of WP, a prime brokerage services provider, for a cash consideration of approximately $7.1 million,
        and WP became a wholly-owned subsidiary of Siebert.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The acquisition resulted in approximately $1,989,000 of goodwill and we acquired two intangible assets, WP&#8217;s customer relationships and WP&#8217;s trade name. We also acquired other assets consisting
      mostly of receivables from broker-dealers and clearing organizations and assumed liabilities consisting mostly of accounts payable and accrued expenses.</div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;"><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">As previously disclosed in a Current Report on Form 8-K filed on June 26, 2020, on June 22, 2020, we entered into an agreement pursuant to which upon closing we would have sold all our member
        interests in WP to WPS Acquisitions, LLC for a purchase price of $7.3 million. As reported in a Current Report on Form 8-K filed on July 30, 2020, effective July 24, 2020, we terminated the agreement.</div>
    </div>
    <div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 29 -</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <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>
    <div style="text-align: justify; font-weight: bold;">Client Account and Activity Metrics</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">The following tables set forth metrics we use in analyzing our client account and activity trends for the periods indicated. Retail customers are customers who have accounts with MSCO; institutional
      customers were acquired from WP as part of the acquisition effective December 1, 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We acquired StockCross in January 2020; however, the client account and client activity metrics for Siebert and StockCross have been presented on a combined basis for all periods shown below to
      maintain consistency to the presentation of the financial statements. As such, the results of StockCross are included in metrics for the 2019 data shown below.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Client Account Metrics &#8211; Total Assets Under Management</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="ze38e7f5622214c8caa9e17ca5bbf2d33" style="width: 70%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 68%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; width: 68%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 68%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Total assets under management (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>14.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>12.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div style="text-align: justify;">Below is a breakout of the account and activity metrics of our various customer bases.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Client Account Metrics &#8211; Retail Customers</div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="zedd559ab45ed42658814408a2cb63d45" style="width: 70%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; background-color: rgb(204, 238, 255); width: 68%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; width: 68%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; width: 68%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Retail customer net worth (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>13.1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>12.5</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 68%;">
            <div style="text-align: justify;">Retail customer margin debit balances (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>0.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>0.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 68%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Retail customer credit balances (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>0.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>0.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 68%;">
            <div style="text-align: justify;">Retail customer money market fund value (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>0.7</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>0.6</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 68%; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Retail customer accounts</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>110,044</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%; background-color: rgb(204, 238, 255);">
            <div>105,470</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div style="clear: both;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8d09689b095c46a6be9f047cfbaa9894" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer net worth represents the total value of securities and cash in the retail customer accounts after deducting margin debits</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze03299ccbab84f10a92c7ac694b29b38" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer margin debit balances represents credit extended to our customers to finance their purchases against current positions</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zf37e461ea44640f4841e4a6376cb1acd" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer credit balances represents client cash held in brokerage accounts</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8a63a0b23de3415a81204a609d6b4dc1" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer money market fund value represents all retail customers accounts invested in money market funds</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="ze13a8e949c20444d8467da0a4fa28011" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Retail customer accounts represents the number of retail customers</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Client Account Metrics &#8211; Institutional Customers</div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="zdbb22daebec04007871051695964c69f" style="width: 60%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 80%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">As of</div>
            <div style="text-align: center; font-weight: bold;">September 30, 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 80%;">
            <div style="text-align: justify;">Institutional customer net worth (in billions)</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 17%;">
            <div>1.4</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div style="text-align: justify; margin-left: 36pt; clear: both;"><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z8d4ef55efd1148fc93d2c231857cddab" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Institutional customer net worth represents the total value of securities and cash in the institutional customer accounts after deducting margin debits and short positions. We did not have institutional
                customers until our purchase of WP in December 2019.</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Client Activity Metrics</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z29727c5eeee4464ea149edc89bcf2f28" style="font-family: &#38;quot; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 36%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: middle; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="6" style="vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold;">September 30,</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; padding-bottom: 2px; width: 36%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;"> 2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; font-weight: bold;">2019</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; background-color: rgb(204, 238, 255); width: 36%;">
            <div style="text-align: justify;">Total retail trades</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 13%;">
            <div>112,264</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 13%;">
            <div>75,969</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 13%;">
            <div>353,580</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 13%;">
            <div>230,267</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 36%;">
            <div style="text-align: justify;">Average commission per retail trade</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>15.55</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>17.38</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>15.32</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 13%;">
            <div>18.35</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="z90d574395f564cdfa2d59685da484a6c" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Total retail trades represents retail trades that generate commissions</div>
            </td>
          </tr>

      </table>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" id="zd3d80ba1b3914d7fb67a8847dbb7eef6" class="DSPFListTable" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 36pt; vertical-align: top;">
              <div style="margin-left: 18pt;">&#8226;</div>
            </td>
            <td style="width: auto; vertical-align: top;">
              <div style="text-align: justify;">Average commission per retail trade represents the average commission generated for all types of retail customer trades</div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 30 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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-weight: bold;">Statements of Income and Financial Condition</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Overview</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We acquired StockCross in January 2020; however, Siebert and StockCross have been presented on a combined basis for all periods presented. As such, the results of StockCross are included in the
      statements of income and statements of financial condition discussed below.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We acquired WP in December 2019 which added various revenue streams and corresponding expenses to our statement of income for the three and nine months ended September 30, 2020. As such, the results
      of WP&#8217;s operations impact our comparisons for the statements of income and statements of financial condition discussed below.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Statements of Income for the Three Months Ended September 30, 2020 and 2019</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Commissions and fees for the three months ended September 30, 2020 were $4,679,000 and increased by $2,406,000 from the corresponding period in the prior year, primarily due to the addition of WP&#8217;s
      commissions and fees in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Margin interest, marketing and distribution fees for the three months ended September 30, 2020 were $2,311,000 and decreased by $1,601,000 from the corresponding period in the prior year, primarily
      due to the declining interest rate environment, partially offset by the addition of WP&#8217;s margin interest income in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Principal transactions for the three months ended September 30, 2020 were $2,342,000 and increased by $15,000 from the corresponding period in the prior year.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest income for the three months ended September 30, 2020 was $915,000 and decreased by $146,000 from the corresponding period in the prior year, primarily due to the declining interest rate
      environment, partially offset by the addition of WP&#8217;s interest income in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Market making for the three months ended September 30, 2020 was $423,000 and increased by $93,000 from the corresponding period in the prior year, primarily due to favorable market conditions
      during&#160;the three months ended September 30, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Stock borrow / stock loan for the three months ended September 30, 2020 was $1,267,000 and increased by $918,000 from the corresponding period in the prior year, primarily due to the organic growth
      of the business, the expansion of our stock locate function, and strong market conditions.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advisory fees for the three months ended September 30, 2020 were $305,000 and increased by $94,000 from the corresponding period in the prior year, primarily due to overall expansion of the advisory
      business line which included revenue growth related to our Robo-Advisor.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other income for the three months ended September 30, 2020 was $333,000 and increased by $43,000 from the corresponding period in the prior year, primarily due to an increase in miscellaneous account
      fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Operating Expenses</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Employee compensation and benefits for the three months ended September 30, 2020 were $6,584,000 and increased by $1,775,000 from the corresponding period in the prior year, primarily due to the
      addition of WP salaries and commission payouts in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Clearing fees, including execution costs for the three months ended September 30, 2020 were $1,270,000 and increased by $472,000 from the corresponding period in the prior year, primarily due to the
      addition of WP&#8217;s operations in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Technology and communications expenses for the three months ended September 30, 2020 were $1,322,000 and increased by $881,000 from the corresponding period in the prior year, primarily due to the
      addition of WP&#8217;s technology operations in 2020 as well as development work with InvestCloud related to our online platform and Robo-Advisor.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other general and administrative expenses for the three months ended September 30, 2020 were $455,000 and decreased by $413,000 from the corresponding period in the prior year, primarily due to a
      reduction in office expense as well as travel-related expenses due to COVID-19.</div>
    <div style="font-family: 'Times New Roman',Times,serif;"> <br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 31 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Data processing expenses for the three months ended September 30, 2020 were $784,000 and increased by $257,000 from the corresponding period in the prior year, primarily due to increased technology
      costs related to clearing operations.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Rent and occupancy expenses for the three months ended September 30, 2020 were $694,000 and increased by $64,000 from the corresponding period in the prior year, primarily due to the increase in rent
      from the addition of WP&#8217;s offices in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Professional fees for the three months ended September 30, 2020 were $760,000 and decreased by $23,000 from the corresponding period in the prior year, primarily due to a reduction in legal fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Depreciation and amortization expenses for the three months ended September 30, 2020 were $368,000 and increased by $124,000 from the corresponding period in the prior year, primarily due to the
      depreciation and amortization of incremental purchases of fixed assets and software as well as the amortization related to the intangible assets acquired from WP.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Referral fees for the three months ended September 30, 2020 were $154,000 and increased by $154,000 from the corresponding period in the prior year, primarily due to the commission payouts to other
      institutional brokers for WP in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest expense for the three months ended September 30, 2020 was $89,000 and increased by $58,000 from the corresponding period in the prior year, primarily due to the interest on the promissory
      note to finance part of the acquisition of WP.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Provision (Benefit) For (From) Income Taxes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Benefit from income taxes for the three months ended September 30, 2020 was $486,000, a decrease of income tax expense of $835,000 from the corresponding period in the prior year, primarily due to a
      discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating
      losses as we determined that we can utilize additional net operating losses under Section 382.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Statements of Income for the Nine Months Ended September 30, 2020 and 2019</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Revenue</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Commissions and fees for the nine months ended September 30, 2020 were $15,149,000 and increased by $8,017,000 from the corresponding period in the prior year, primarily due to the addition of WP&#8217;s
      commissions and fees in 2020.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Margin interest, marketing and distribution fees for the nine months ended September 30, 2020 were $7,730,000 and decreased by $3,431,000 from the corresponding period in the prior year, primarily
      due to the declining interest rate environment, partially offset by the addition of WP&#8217;s margin interest income in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Principal transactions for the nine months ended September 30, 2020 were $8,126,000 and increased by $1,988,000 from the corresponding period in the prior year, primarily due to strong market
      conditions during early 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest income for the nine months ended September 30, 2020 was $3,155,000 and decreased by $262,000 from the corresponding period in the prior year, primarily due to the declining interest rate
      environment, partially offset by the addition of WP&#8217;s interest income in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Market making for the nine months ended September 30, 2020 was $1,508,000 and increased by $205,000 from the corresponding period in the prior year, primarily due to favorable market conditions
      during&#160;2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Stock borrow / stock loan for the nine months ended September 30, 2020 was $2,482,000 and increased by $1,129,000 from the corresponding period in the prior year, primarily due to the organic growth
      of the business, the expansion of our stock locate function, and strong market conditions.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Advisory fees for the nine months ended September 30, 2020 were $810,000 and increased by $238,000 from the corresponding period in the prior year, primarily due to overall expansion of the advisory
      business line which included revenue growth related to our Robo-Advisor.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other income for the nine months ended September 30, 2020 was $1,035,000 and increased by $402,000 from the corresponding period in the prior year, primarily due to the addition of WP&#8217;s business in
      2020 and an increase in miscellaneous account fees.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 32 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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: italic;">Operating Expenses</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Employee compensation and benefits for the nine months ended September 30, 2020 were $20,489,000 and increased by $6,677,000 from the corresponding period in the prior year, primarily due to the
      addition of WP salaries and commission payouts in 2020 as well as increased commission payouts corresponding to the increase in principal transaction revenue.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Clearing fees, including execution costs for the nine months ended September 30, 2020 were $3,907,000 and increased by $1,582,000 from the corresponding period in the prior year, primarily due to the
      addition of WP&#8217;s operations in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Technology and communications expenses for the nine months ended September 30, 2020 were $3,256,000 and increased by $1,992,000 from the corresponding period in the prior year, primarily due to the
      addition of WP&#8217;s technology operations in 2020 as well as development work with InvestCloud related to our online platform and Robo-Advisor.</div>
    <div style="text-align: justify; text-indent: 36pt;"> <br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Other general and administrative expenses for the nine months ended September 30, 2020 were $1,710,000 and decreased by $1,077,000 from the corresponding period in the prior year, primarily due to
      the expansion of our Jersey City branch office and the establishment of our Miami branch office occurring in the corresponding period in the prior year as well as a reduction in travel related expenses in 2020 due to COVID-19.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Data processing expenses for the nine months ended September 30, 2020 were $2,387,000 and increased by $900,000 from the corresponding period in the prior year, primarily due to increased technology
      costs related to clearing operations.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Rent and occupancy expenses for the nine months ended September 30, 2020 were $2,119,000 and increased by $365,000 from the corresponding period in the prior year, primarily due to the increase in
      rent from the addition of WP&#8217;s offices in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Professional fees for the nine months ended September 30, 2020 were $2,159,000 and decreased by $409,000 from the corresponding period in the prior year, primarily due to a reduction in legal fees.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Depreciation and amortization expenses for the nine months ended September 30, 2020 were $1,193,000 and increased by $504,000 from the corresponding period in the prior year, primarily due to the
      depreciation and amortization of incremental purchases of fixed assets and software as well as the amortization related to the intangible assets acquired from WP.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Referral fees for the nine months ended September 30, 2020 were $427,000 and increased by $427,000 from the corresponding period in the prior year, primarily due to the commission payouts to other
      institutional brokers for WP in 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Interest expense for the nine months ended September 30, 2020 was $253,000 and increased by $169,000 from the corresponding period in the prior year, primarily due to the interest on the promissory
      note to finance part of the acquisition of WP.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Provision (Benefit) For (From) Income Taxes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Provision for income taxes for the nine months ended September 30, 2020 was $39,000 and decreased by $1,326,000 from the corresponding period in the prior year, primarily due to a discrete tax
      benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as we
      determined that we can utilize additional net operating losses under Section 382.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Statements of Financial Condition as of September 30, 2020 and December 31, 2019</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Assets</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Assets as of September 30, 2020 were $673,452,000 and increased by $135,385,000 from December 31, 2019, primarily due to the increase in securities borrowed and cash and securities segregated for
      regulatory purposes.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic;">Liabilities</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Liabilities as of September 30, 2020 were $637,134,000 and increased by $132,202,000 from December 31, 2019, primarily due to the increase in securities loaned and payables to customers.</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 33 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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-weight: bold;">Liquidity and Capital Resources</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Overview</div>
    <div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">We believe that our operating cash flows, cash and cash equivalents, borrowing capacity under the notes payable &#8211; related party, line of credit with East West Bank, and overall access to capital
        markets are sufficient to fund our operating, investing and financing requirements for the next twelve months.</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Net Capital and Special Reserve Account</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">MSCO is subject to the Uniform Net Capital Rules of the SEC (Rule 15c3-1) of the Securities Exchange Act of 1934. Under the alternate method permitted by this rule, net capital, as defined, shall not
      be less than the lower of $1 million or 2% of aggregate debit items arising from customer transactions. Since MSCO&#8217;s aggregate debits may fluctuate, MSCO&#8217;s minimum net capital requirements may also fluctuate from period to period. In addition, MSCO
      is subject to Customer Protection Rule 15c3-3 which requires segregation of funds in a special reserve account for the exclusive benefit of customers.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">WP, as a member of FINRA, is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital,
      both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. WP is also subject to the CFTC's minimum financial requirements which require that
      WP maintain net capital, as defined, equal to the greater of its requirements under Regulation 1.17 under the Commodity Exchange Act or Rule 15c3-1.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-style: italic;">See &#8220;Note 15 &#8211; Capital Requirements&#8221; for more detail on our capital requirements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Line of Credit with East West Bank</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">On July 22, 2020, we entered into a Loan and Security Agreement with East West Bank. In accordance with the terms of this agreement, we have the ability to borrow term loans in an aggregate principal
      amount not to exceed $10 million during the two-year period after July 22, 2020. Our obligations under the agreement are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, Gloria E. Gebbia and a trust for which they are
      mutually co-trustees.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, we have drawn down approximately $4.9 million under this agreement. <font style="font-style: italic;">See &#8220;Note 9 &#8211; Long-Term Debt&#8221; for more detail on this agreement.</font></div>
    <div>&#160;&#160; </div>
    <div style="text-align: justify; font-weight: bold;">Contractual Obligations</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Leases</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="zb682fc553bb9445a961bb57bdb054296" style="width: 50%; color: #000000; font-size: 10pt; text-align: left;">

        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 76%;">
            <div style="font-weight: bold;">Year</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div style="text-align: center; font-weight: bold;">Amount</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 76%;">
            <div>&#160;2020</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>606,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>&#160;2021</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(204, 238, 255);">
            <div>1,403,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 76%;">
            <div>&#160;2022</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%;">
            <div>755,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 76%; background-color: rgb(204, 238, 255);">
            <div>&#160;2023</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; background-color: rgb(204, 238, 255);">
            <div>543,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" nowrap="nowrap" style="vertical-align: middle; width: 76%; padding-bottom: 2px;">
            <div>&#160;2024</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>56,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: middle; width: 76%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">
            <div>Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>$</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; text-align: right; width: 21%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
            <div>3,363,000</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, we had an operating lease agreement for an office space in Beverly Hills, CA with a term of approximately 5 years. The total commitment of the lease is approximately $1.5
      million, and the lease will commence on March 1, 2021. <font style="font-style: italic;">See &#8220;Note 7 &#8211; Leases&#8221; for more detail on our lease arrangements and corresponding disclosures.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold;">Notes Payable &#8211; Related Party</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, we have $6 million in notes payable to Gloria E. Gebbia, $3 million of which matures in December 2020 and $3 million of which matures in November 2021. <font style="font-style: italic;">See &#8220;Note 10 &#8211; Notes Payable - Related Party&#8221; for more detail.</font></div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 34 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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: italic; font-weight: bold;">Prepaid Service Contract</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We have entered into an agreement with InvestCloud for development work related to our online platform as well as Robo-Advisor. As part of this agreement, we have an obligation to pay for the license
      fees associated with the InvestCloud Platform for a three year term. <font style="font-style: italic;">See &#8220;Note 5 &#8211; Prepaid Service Contract&#8221; for more detail.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Off-Balance Sheet Arrangements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Customer transactions are cleared through our clearing firms on a fully disclosed basis. If customers do not fulfill their contractual obligations, we may incur loss 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 nine months ended September 30, 2020 and 2019.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Impairment</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We have concluded that as of September 30, 2020, there have been no impairments to the carrying value of Siebert&#8217;s goodwill and other tangible and intangible assets.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Segment</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We concluded as of September 30, 2020, Siebert is comprised of a single operating segment based on the factors related to management&#8217;s decision-making framework as well as management evaluating
      performance and allocating resources based on assessments of Siebert from a consolidated perspective.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Related Party Disclosures</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">During the course of business, we enter into various agreements and transactions with related parties.<font style="font-style: italic;"> See &#8220;Note 18 &#8211; Related Party Disclosures&#8221; for more detail on
        our related party disclosures.</font></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Critical Accounting Policies</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Certain of our accounting policies that involve a higher degree of judgment and complexity are discussed in<font style="font-style: italic;"> &#8220;Item&#160;2 &#8211; Management&#8217;s Discussion and Analysis of
        Financial Condition and Results of Operations &#8211; Critical Accounting Policies&#8221;</font> in our&#160;2019&#160;Form&#160;10-K. There have been no changes to critical accounting estimates as of September 30, 2020.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Uncertain Tax Positions</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Income tax benefits are recognized for a tax position when, in management&#8217;s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax
      position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">As of September 30, 2020, we recorded an uncertain tax position of $1,041,000 attributable to our 2017 to 2019 amended tax returns as our anticipated tax refunds exceed the amount that meets the
      more-likely-than-not recognition threshold. The net impact from the uncertain tax position was recorded as a reduction of our income tax receivable. We expect to receive an income tax refund of approximately $248,000 by the first quarter of 2021. In
      the event that we conclude that we are subject to interest and/or penalties arising from uncertain tax positions, we will present interest and penalties as a component of income taxes.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We recognized the anticipated refunds in three months ended September 30, 2020, as this is the period we concluded we would amend our federal tax returns and file refund claims as well as calculated
      the amount of refund to be received.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Fair Value Measurements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We have securities that are valued using the fair value framework under ASC 820 within our assets and liabilities as of September 30, 2020 and December 31, 2019. The majority of the assets are level
      1 U.S. government securities and equity securities as well as level 2 equity securities that are in the line items &#8220;Cash and securities segregated for regulatory purposes&#8221; and &#8220;Securities owned, at fair value.&#8221; The liabilities consist of relatively
      small amounts of level 1 and level 2 equity securities in the line item &#8220;Securities sold, not yet purchased, at fair value.&#8221; <font style="font-style: italic;">See &#8220;Note 6 &#8211; Fair Value Measurements&#8221; for more detail.</font></div>
    <div style="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 35 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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="font-family: 'Times New Roman',Times,serif;"><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">New Accounting Pronouncements</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">We have adopted certain new accounting pronouncements during the reporting period. <font style="font-style: italic;">See &#8220;Note 2 &#8211; New Accounting Standards&#8221; for more detail on the new accounting
        pronouncements and their impact on our financial statements.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 36 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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></div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK<a name="ITEM3.QUANTITATIVEANDQUAL"><!--Anchor--></a></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Financial Instruments Held For Trading Purposes</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Financial Instruments Held For Purposes Other Than Trading</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">Retail customer transactions are cleared through clearing brokers on a fully disclosed basis and are also self-cleared by MSCO. If customers do not fulfill their contractual obligations any loss
      incurred in connection with the purchase or sale of securities at prevailing market prices to satisfy customer obligations may be incurred by the Company. 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 in the last five years.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 37 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <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></div>
    <div></div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 4. CONTROLS AND PROCEDURES<a name="ITEM4.CONTROLSANDPROCEDUR"><!--Anchor--></a></div>
    <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">&#160;<br>
      Disclosure Controls and Procedures</div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">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.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt;">Based on its evaluation, our management, including our Executive Vice President / Chief Financial Officer, concluded that as of the end of the period covered by this report, our disclosure controls
        and procedures were effective.</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold;">Changes in Internal Control over Financial Reporting</div>
    </div>
    <div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">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 end of the period covered by this report, that has
      materially affected, or is reasonably likely to materially affect, the Company&#8217;s internal control over financial reporting.</div>
    <div>
      <div><br>
      </div>
    </div>
    <div>&#160;</div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 38 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>&#160;</div>
    <div style="text-align: center; margin-left: 5.45pt; font-weight: bold;">PART II - OTHER INFORMATION<a name="PARTII-OTHERINFORMATION"><!--Anchor--></a></div>
    &#160;
    <div>&#160;</div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 1. LEGAL PROCEEDINGS<a name="ITEM1.LEGALPROCEEDINGS"><!--Anchor--></a></div>
    <div style="text-align: justify; text-indent: 36pt;">&#160;</div>
    <div style="text-align: justify; text-indent: 36pt;">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.</div>
    <div>&#160;</div>
    <div> <br>
    </div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 1A. RISK FACTORS<a name="ITEM1A.RISKFACTORS"><!--Anchor--></a></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">In addition to the other information set forth in this report, investors should carefully consider the risk factors discussed in <font style="font-style: italic;">Part I - Item 1A - Risk Factors</font>,
      in our 2019 Form 10-K, as supplemented by the risk factors included in our Quarterly Report on Form 10-Q for the period ended March 31, 2020. Each of such risk factors could materially affect our business, financial position, and results of
      operations. Other than the supplemental risk factors provided in the Quarterly Report on Form 10-Q for the period ended March 31, 2020, there have been no material changes from the risk factors disclosed in our 2019 Form 10-K.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS<a name="ITEM2.UNREGISTEREDSALESOF"><!--Anchor--></a></div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">None. <font style="font-style: italic;">See &#8220;Note 19 &#8211; Subsequent Events&#8221; for more detail on shares of our restricted common stock issued on November 10, 2020, subsequent to the end of the reporting
        period.</font></div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 39 -</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>&#160;</div>
    <div style="font-weight: bold; color: rgb(0, 112, 192);">ITEM 6. EXHIBITS<a name="ITEM6.EXHIBITS"><!--Anchor--></a></div>
    <div style="text-indent: 36pt;">&#160;</div>
    <table cellspacing="0" cellpadding="0" border="0" id="za1bd33be2e8040d5b5c0a9ed9cf1ae6c" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

        <tr>
          <td style="width: 8%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Exhibit</div>
            <div style="font-weight: bold;">No.</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-weight: bold;">Description of Document</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div><a href="a52325671ex31_1.htm">31.1</a></div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div><a href="a52325671ex31_1.htm">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.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div><a href="a52325671ex32_1.htm">32.1</a></div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div><a href="a52325671ex32_1.htm">Certification of Andrew H. Reich of Periodic Financial Report under Section 906 of the Sarbanes-Oxley Act of 2002.</a></div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.INS</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Instance Document</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.SCH</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Schema</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.CAL</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Calculation Linkbase</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.DEF</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Definition Linkbase</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.LAB</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Label Linkbase</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8%; vertical-align: middle;">
            <div>101.PRE</div>
          </td>
          <td style="width: 1.9%; vertical-align: middle;">
            <div>&#160;</div>
          </td>
          <td style="width: 90%; vertical-align: middle;">
            <div>XBRL Taxonomy Extension Presentation Linkbase</div>
          </td>
        </tr>

    </table>
    <br>
    <div><br>
    </div>
    <div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">- 40 -</font></div>
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      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SIGNATURES<a name="SIGNATURES"><!--Anchor--></a></div>
      <div style="text-align: center; text-indent: 36pt; font-weight: bold;">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt;">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.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>SIEBERT FINANCIAL CORP.</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 46%; vertical-align: top;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>By:</div>
            </td>
            <td style="width: 46%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>/s/ Andrew H. Reich</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 46%; vertical-align: top;">
              <div>Andrew H. Reich</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 46%; vertical-align: top;">
              <div>Executive Vice President, Chief Operating Officer,</div>
              <div>Chief Financial Officer, and Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 46%; vertical-align: top;">
              <div>(Principal executive, financial and accounting officer)</div>
            </td>
          </tr>
          <tr>
            <td rowspan="1" style="width: 50%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 4%; vertical-align: top;">&#160;</td>
            <td rowspan="1" style="width: 46%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td style="width: 46%; vertical-align: top;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;">
              <div>&#160;</div>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>Dated: November 16, 2020</div>
            </td>
          </tr>

      </table>
      <div style="font-weight: bold;"> <br>
      </div>
      <div><br>
      </div>
    </div>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>a52325671ex31_1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
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  <div>
    <div style="text-align: right; font-weight: bold;">Exhibit 31.1</div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; font-weight: bold;">CERTIFICATION</div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.8pt; font-weight: bold;">PURSUANT TO EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),</div>
    <div style="text-align: center; margin-right: 103.85pt; margin-left: 103.85pt; font-weight: bold;">AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002</div>
    <div>&#160;</div>
    <div style="text-align: justify;">I, Andrew H. Reich, certify that: <br>
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    <div><br>
    </div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify;">1. I have reviewed this Quarterly Report on Form 10-Q of Siebert Financial Corp.;</div>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify;">2. 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;</div>
      </div>
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    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify;">3. 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;</div>
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    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify;">4. 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
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      </div>
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    <div><br>
    </div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="margin-left: 36pt; text-align: justify;">(a) 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;</div>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="margin-left: 36pt; text-align: justify;">(b) 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;</div>
      </div>
    </div>
    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="margin-left: 36pt; text-align: justify;">(c) 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</div>
      </div>
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    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="margin-left: 36pt; text-align: justify;">(d) 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</div>
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    <div>&#160;</div>
    <div>
      <div style="font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: justify;">5. 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):</div>
      </div>
    </div>
    <div>&#160;</div>
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    <div style="text-align: justify;">In connection with the Quarterly Report of Siebert Financial Corp. (the &#8220;Company&#8221;) on Form 10-Q for the quarterly period ended September 30, 2020, as filed with the Securities and Exchange Commission on the date hereof
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    <SIEB:ExpensesFromStockBorrowOrStockLoan contextRef="From2020-07-01to2020-09-30" unitRef="USD" decimals="0">1232000</SIEB:ExpensesFromStockBorrowOrStockLoan>
    <SIEB:ExpensesFromStockBorrowOrStockLoan contextRef="From2019-01-01to2019-09-30" unitRef="USD" decimals="0">7028000</SIEB:ExpensesFromStockBorrowOrStockLoan>
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    <SIEB:AdvisoryFeesAndAdditionalIncome contextRef="From2019-01-01to2019-09-30" unitRef="USD" decimals="0">572000</SIEB:AdvisoryFeesAndAdditionalIncome>
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    <us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div style="font-weight: bold"&gt;1. Organization and Basis of Presentation&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Organization&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Overview&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail brokerage business through its wholly-owned subsidiary, Muriel Siebert &amp;#38; Co.,&#13;      Inc. (&amp;#8220;MSCO&amp;#8221;), a Delaware corporation and registered broker-dealer, its investment advisory business through its wholly-owned subsidiary, Siebert AdvisorNXT, Inc. (&amp;#8220;SNXT&amp;#8221;), a New York corporation registered with the U.S. Securities and Exchange&#13;      Commission (&amp;#8220;SEC&amp;#8221;) as a Registered Investment Adviser under the Investment Advisers Act of 1940, as amended, and its insurance business through its wholly-owned subsidiary, Park Wilshire Companies, Inc. (&amp;#8220;PWC&amp;#8221;), a Texas corporation and licensed&#13;      insurance agency. Siebert conducts operations through its wholly-owned subsidiary, Siebert Technologies, LLC. (&amp;#8220;STCH&amp;#8221;), a Nevada limited liability company and developer of robo-advisory technology. Siebert offers prime brokerage services through its&#13;      wholly-owned subsidiary, WPS Prime Services, LLC, (&amp;#8220;WP&amp;#8221;), a Delaware limited liability company and a broker-dealer registered with the SEC. Siebert also owns StockCross Digital Solutions, Ltd. (&amp;#8220;STXD&amp;#8221;), an inactive subsidiary headquartered in&#13;      Bermuda. For purposes of 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, SNXT, PWC, STCH, WP, and STXD collectively, unless the context otherwise requires.&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company is headquartered in New York, NY, with primary operations in New Jersey, Florida, and California. The Company has 16 branch offices throughout the U.S. and clients around the world. The&#13;      Company&amp;#8217;s SEC filings are available through the Company&amp;#8217;s website at www.siebert.com, where investors can obtain copies of the Company&amp;#8217;s public filings free of charge. The Company&amp;#8217;s common stock, par value $.01 per share, trades on the Nasdaq Capital&#13;      Market under the symbol &amp;#8220;SIEB.&amp;#8221;&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;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 nine months ended September 30,&#13;      2020 and 2019 were derived from its operations in the U.S.&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;As of September 30, 2020, the Company is comprised of a single operating segment based on the factors related to management&amp;#8217;s decision-making framework as well as management evaluating performance&#13;      and allocating resources based on assessments of the Company from a consolidated perspective.&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="font-style: italic; font-weight: bold"&gt;WPS Prime Services, LLC&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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;As previously disclosed in a Current Report on Form 8-K filed on June 26, 2020, on June 22, 2020, the Company and WPS Acquisitions, LLC entered into an agreement pursuant to which the Company at&#13;        closing would have sold all of the member interests in WP to WPS Acquisitions, LLC for a purchase price of $7.3 million. As reported in a Current Report on Form 8-K filed on July 30, 2020, effective July 24, 2020, the agreement was terminated by&#13;        the Company.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Acquisition of StockCross&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;As previously disclosed in a Current Report on Form 8-K filed on January 25, 2019, the Company purchased approximately 15% of the outstanding shares of StockCross Financial Services, Inc.&#13;        (&amp;#8220;StockCross&amp;#8221;). Subsequently, as previously disclosed in a Current Report on Form 8-K filed on January 7, 2020, the Company acquired the remaining 85% of StockCross&amp;#8217; outstanding shares in exchange for 3,298,774 shares of the Company&amp;#8217;s common stock.&#13;        Effective January 1, 2020, StockCross was merged with and into MSCO, and as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Change in Reporting Entity&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;As of the date of the Company&amp;#8217;s acquisition of StockCross, the Company and StockCross were entities under common control of Gloria E. Gebbia, the Company&amp;#8217;s principal stockholder, and members of her&#13;      immediate family (collectively, the &amp;#8220;Gebbia Family&amp;#8221;). The acquisition represented a change in reporting entity and as such, the companies have been presented on a combined basis for all periods presented in the unaudited condensed consolidated&#13;      financial statements (&amp;#8220;financial statements&amp;#8221;). &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 3 &amp;#8211; Acquisitions&amp;#8221; for additional detail on the transaction with StockCross and the corresponding accounting.&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; font-style: italic; font-weight: bold"&gt;COVID-19&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The challenges posed by the COVID-19 pandemic on the global economy increased significantly starting in the first quarter of 2020. COVID-19 has spread across the globe during 2020 and has impacted&#13;      economic activity worldwide. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews,&#13;      shelter-in-place orders and recommendations to practice social distancing.&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;The Company instituted a number of temporary closures of branch offices; however, as of the date of the filing of this report, all of the Company&amp;#8217;s branch offices have been re-opened while&#13;      maintaining compliance with federal, state and local mandates and guidelines. The Company has taken significant steps to ensure that its employees and customers are operating in a safe environment by implementing measures such as social distancing,&#13;      sanitizing workstations, temperature checks, requiring masks, and alternating staff. The impact from the COVID-19 pandemic has caused the revenue and income of the Company to decrease; however, the Company has implemented various initiatives to&#13;      offset this decline.&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;The Company is actively monitoring the impact of COVID-19 on the Company&amp;#8217;s business, financial condition, liquidity, operations, employees, clients and business partners. Based on management&amp;#8217;s&#13;      assessment as of September 30, 2020, the ultimate impact of COVID-19 on the Company&amp;#8217;s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related&#13;      length of its impact on the global economy, which are uncertain and cannot be predicted at this time.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt; font-style: italic"&gt;See &amp;#8220;Item 2. Management&amp;#8217;s Discussion and Analysis of Financial Condition and Results of Operations&amp;#8221; for additional detail on COVID-19 and its impact on the Company.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Basis of Presentation&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;The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (&amp;#8220;GAAP&amp;#8221;) for interim financial information with the instructions for&#13;      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 management, the accompanying financial statements contain all&#13;      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&#13;      financial statements should be read in conjunction with the financial statements and notes thereto in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2019 (&amp;#8220;2019 Form 10-K&amp;#8221;). The financial statements include the accounts of&#13;      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 and numbers are rounded for presentation purposes.&amp;#160;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Significant Accounting Policies&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;The Company&amp;#8217;s significant accounting policies are included in &amp;#8220;&lt;font style="font-style: italic"&gt;Note 2&lt;/font&gt;&amp;#160;&lt;font style="font-style: italic"&gt;&amp;#8211; Summary of Significant Accounting Policies&amp;#8221; &lt;/font&gt;in&#13;&#13;&#13;&#13;      the Company&amp;#8217;s 2019 Form 10-K. The following changes to the Company&amp;#8217;s significant accounting policies as of September 30, 2020 are primarily due to the acquisition of StockCross. Other than the updates indicated below and in&lt;font style="font-style: italic"&gt; &amp;#8220;Note 2 &amp;#8211; New Accounting Standards,&amp;#8221; &lt;/font&gt;there have been no significant changes to the Company&amp;#8217;s significant accounting policies.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Cash and Securities Segregated For Regulatory Purposes&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;MSCO is subject to Exchange Act Rule 15c3-3, referred to as the &amp;#8220;Customer Protection Rule,&amp;#8221; which requires segregation of funds in a special reserve account for the exclusive benefit of customers.&#13;      Effective upon the Company&amp;#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.&lt;font style="font-style: italic"&gt; See &amp;#8220;Note 15 &amp;#8211; Capital Requirements&amp;#8221; for additional&#13;        detail.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Receivables From and Payables To Customers&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Accounts receivable from and payable to customers include amounts due and owed on cash and margin transactions. Securities owned by customers are held as collateral for receivables. Receivables&#13;        from customers are reported at their outstanding principal balance, adjusted for any allowance for doubtful accounts. An allowance is established when collectability is not reasonably assured. When the receivable from a brokerage client is&#13;        considered to be impaired, the amount of impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources such as listed market prices or&#13;        broker-dealer price quotations. Securities beneficially owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the statements of financial condition. No valuation allowance for doubtful&#13;        accounts was necessary as of September 30, 2020 and December 31, 2019.&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations&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;Accounts receivable from and payable to broker-dealers and clearing organizations includes amounts due from / to introducing broker-dealers, fail-to-deliver and fail-to-receive items, and amounts&#13;      receivable for unsettled regular-way transactions. Deposits with broker-dealers and clearing organizations include amounts held on deposit with broker-dealers and clearing organizations and are included in the line item &amp;#8220;Deposits with broker-dealers&#13;      and clearing organizations.&amp;#8221;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;MSCO customer transactions for the nine months ended September 30, 2020 were both self-cleared and cleared on a fully disclosed basis through National Financial Services Corp. (&amp;#8220;NFS&amp;#8221;). MSCO&#13;        customer transactions for the nine months ended September 30, 2019 were cleared on a fully disclosed basis through NFS and StockCross, the former of which was an affiliate. As of January 1, 2020, all clearing and other services provided by&#13;        StockCross are performed by MSCO.&lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company operates on a month to month basis with its broker-dealers and clearing organizations and their fees are offset against the Company's revenues on a monthly basis. As of September 30,&#13;        2020, the Company&amp;#8217;s cash clearing deposits with NFS were $50,000. As of December 31, 2019, MSCO&amp;#8217;s cash clearing deposits with NFS and StockCross were $50,000 and $75,000, respectively. Upon the closing of the Company&amp;#8217;s acquisition of StockCross on&#13;        January 1, 2020, all MSCO deposits with StockCross were eliminated. As of September 30, 2020 and December 31, 2019, MSCO had deposits with and other non-current receivables from multiple broker-dealers and clearing organizations of approximately&#13;        $2.1 million and $1.9 million, respectively.&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;WP&amp;#8217;s customer transactions clear on a fully disclosed basis through two clearing broker-dealers, The Goldman Sachs Group, Inc. (&amp;#8220;Goldman Sachs&amp;#8221;) and Pershing LLC (&amp;#8220;Pershing&amp;#8221;). Amounts payable to&#13;        broker-dealers and clearing organizations are offset against amounts receivables from broker-dealers and clearing organizations. Receivables from these broker-dealers and clearing organizations are subject to clearing agreements and include the net&#13;        receivable from net monthly revenues as well as cash on deposit. As of both September 30, 2020 and December 31, 2019, WP&amp;#8217;s cash clearing deposits with Goldman Sachs and Pershing were approximately $2 million and $1 million, respectively.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company evaluates receivables from broker-dealers and clearing organizations and other receivables for collectability noting no amount was considered uncollectable as of September 30, 2020 and&#13;      December 31, 2019. No valuation allowance is recognized for these receivables as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.&lt;font style="font-style: italic"&gt; See &amp;#8220;Note 11 &amp;#8211;&#13;        Revenue Recognition&amp;#8221; for additional detail on the accounting policies for the revenue related to these receivables.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Borrowed and Securities Loaned&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-indent: 36pt; text-align: justify"&gt;Securities borrowed are recorded at the amount of cash collateral advanced. Securities borrowed transactions require the Company to deposit cash, letters of credit, or other collateral with the&#13;        lender. Securities loaned are recorded at the amount of cash collateral received. For securities borrowed and loaned, the Company monitors the market value of the securities and obtains or refunds collateral as necessary. &lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;      &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Owned, at Fair Value&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Securities owned, at fair value represent marketable securities owned by the Company at trade-date valuation. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 6 &amp;#8211; Fair Value Measurements&amp;#8221; for&#13;          additional detail.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Payables to Non-Customers&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font id="TRGRRTFtoHTMLTab" style="font-size: 5.14pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;Accounts payable to non-customers includes amounts due on cash and margin transactions on accounts owned and controlled by&#13;      principal officers, directors and stockholders of the Company. Payables to non-customers amounts include any amounts received from interest on credit balances.&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;Payables to non-customers also include amounts due on cash transactions owned and controlled by the Company&amp;#8217;s proprietary accounts of introducing broker-dealers. Effective upon the Company&amp;#8217;s&#13;      acquisition of StockCross on January 1, 2020, the Company no longer had any proprietary accounts of introducing broker-dealers. &lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Sold, Not Yet Purchased, at Fair Value&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Securities sold, not yet purchased, at fair value represent marketable securities sold by the Company prior to purchase at trade-date valuation. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 6 &amp;#8211;&#13;          Fair Value Measurements&amp;#8221; for additional detail.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock>
    <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;2. New Accounting Standards&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Recently Adopted Accounting Pronouncements&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-style: italic"&gt;ASU 2018&lt;/font&gt;-&lt;font style="font-style: italic"&gt;15&lt;/font&gt; - In August 2018, the FASB issued Accounting Standards Update (&amp;#8220;ASU&amp;#8221;) 2018-15, Intangibles, Goodwill and&#13;      Other Internal-Use Software, (Subtopic 350-40): Customer&amp;#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation&#13;      costs incurred in a cloud computing arrangement that is hosted by the vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption&#13;      is permitted. The standard can be adopted prospectively or retrospectively. The Company adopted this new standard on January 1, 2020. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 5 &amp;#8211; Prepaid Service Contract&amp;#8221; for additional detail.&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-style: italic"&gt;ASU 2018-13&lt;/font&gt; - In August 2018, the FASB issued ASU 2018-13, Fair value Measurement (Accounting Standards Codification (&amp;#8220;ASC&amp;#8221;) 820): Disclosure&#13;      Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes certain disclosures, modifies certain disclosures and adds additional disclosures. The standard is effective for annual periods, including interim&#13;      periods within those annual periods, beginning after December 15, 2019 and early adoption is permitted. The Company adopted the new standard on its effective date, January 1, 2020, and determined it was immaterial to the Company&amp;#8217;s financial&#13;      statements as of September 30, 2020.&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font-style: italic"&gt;ASU 2018-07&lt;/font&gt; - In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718). ASU 2018-07 is intended to reduce cost and&#13;      complexity of financial reporting for non-employee share-based payments. Currently, the accounting requirements for non-employee and employee share-based payments are significantly different. ASU 2018-07 expands the scope of Topic 718, which&#13;      currently only includes share-based payments to employees, to include share-based payments to non-employees for goods or services. Consequently, the accounting for share-based payments to non-employees and employees will be substantially aligned.&#13;      This ASU supersedes Subtopic 505-50, &amp;#8220;Equity - Equity-Based Payments to Nonemployees.&amp;#8221; The amendments to ASU 2018-07 are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December&#13;      15, 2020. Early adoption is permitted, but no earlier than a company&amp;#8217;s adoption date of ASU No. 2014-09, (Topic 606), &amp;#8220;Revenue from Contracts with Customers.&amp;#8221; The Company adopted this accounting pronouncement on January 1, 2020.&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;Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company&amp;#8217;s financial statements and&#13;      related disclosures as of September 30, 2020.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
    <us-gaap:BusinessCombinationDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;3. Acquisitions&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;StockCross&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="font-style: italic; font-weight: bold"&gt;Overview of Acquisition&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;Established in 1971, StockCross was one of the largest privately-owned brokerage firms in the nation and its operations consisted primarily of market making, fixed-income products distribution,&#13;      online or broker-assisted equity trading, securities lending, and equity stock plan services.&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;Prior to being acquired by the Company, StockCross and the Company were affiliated entities through common ownership and had various related party transactions. In January 2019, the Company acquired&#13;      approximately 15% ownership of StockCross. Effective January 1, 2020, pursuant to an Agreement and Plan of Merger, the Company acquired the remaining 85% of StockCross&amp;#8217; outstanding shares and StockCross was merged with and into MSCO. The purchase&#13;      price paid was approximately $29,750,000 or 3,298,774 shares of the Company&amp;#8217;s restricted common stock which was issued in connection with the acquisition. Prior to the acquisition, MSCO had a clearing agreement with StockCross whereby StockCross&#13;      provided custody and clearing services to MSCO for its securities broker-dealer business; however, as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.&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="font-style: italic; font-weight: bold"&gt;Accounting for Acquisition&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;Prior to and as of the date of the acquisition, the Company and StockCross were entities under common control of the Gebbia Family. As such, the acquisition was accounted for as a transaction between&#13;      entities under common control.&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;A common-control transaction is similar to a business combination for the Company as it is the entity that received the net assets of StockCross; however, this common-control transaction does not&#13;      meet the definition of a business combination in accordance with GAAP because there is no change in control over the net assets.&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;The acquisition represented a change in reporting entity. As such, upon the closing of the acquisition, the net assets of the Company were combined with those of StockCross at their historical&#13;      carrying amounts. The companies have been presented on a combined basis for all periods presented in the financial statements in a manner similar to a pooling of interests, as the period of common control existed prior to the periods presented in the&#13;      financial statements. Accordingly, the historical financial statements of the Company have been presented under the &amp;#8220;as if pooling&amp;#8221; method.&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;Prior to the Company&amp;#8217;s acquisition of StockCross, StockCross sold its treasury stock totaling $172,000 to third parties and the Company purchased approximately 15% of the outstanding shares of&#13;      StockCross from an unrelated party for $3,665,000. On September 5, 2019, StockCross made a return of capital distribution in the aggregate amount of $1.6 million, of which the Company received approximately 15%, or $241,000. All of these cash&#13;      transactions are reflected in the &amp;#8220;Cash flows from financing activities&amp;#8221; section of the statements of cash flows for the nine months ended September 30, 2019.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Assets Acquired and Liabilities Assumed&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="left" id="z70d818e299804fce835b31f91978e4d7" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Historical&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Carrying Value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 78%"&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; 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: top; background-color: rgb(204, 238, 255); width: 78%"&gt;&#13;            &lt;div&gt;Assets acquired&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and cash equivalents&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;1,588,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and securities segregated for regulatory purposes&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;224,814,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from broker-dealers and clearing organizations&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Other receivables&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;627,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Prepaid expenses and other assets&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;346,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities borrowed&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities owned, at fair value&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Furniture, equipment and leasehold improvements, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Lease right-of-use assets&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,141,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Deferred tax assets&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Assets acquired&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Liabilities assumed&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to non-customers&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;9,151,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Drafts payable&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to broker-dealers and clearing organizations&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Accounts payable and accrued liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;963,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities loaned&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities sold, not yet purchased, at fair value&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Notes payable &amp;#8211; related party&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Lease liabilities&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;1,295,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Liabilities assumed&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;499,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net Assets acquired&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,714,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div style="clear: both"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Pro Forma Statements&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;The following pro forma financial statements present the statements of income of the Company as if the acquisition of StockCross had occurred on January 1, 2019, inclusive of pro forma adjustments&#13;      (unaudited). The combined results of these pro forma financial statements are also reflected in the Company&amp;#8217;s financial statements for the periods presented for 2019. StockCross&amp;#8217; financial statements have already been consolidated in the Company&amp;#8217;s&#13;      financial statements for the periods presented for 2020:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Statements of Operations&lt;/div&gt;&#13;    &lt;div style="font-style: italic"&gt;Three Months Ended September 30, 2019 (unaudited)&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="zf20970cc98d64aad9a7fb7810c530cef" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&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; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&gt;&#13;            &lt;div&gt;Revenue&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; 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; 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; 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; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;348,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,944,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;968,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,912,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,041,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;286,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,327,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;23,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,038,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;351,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;290,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,144,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,753,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Employee compensation and benefits&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,157,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,652,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,809,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Clearing fees, including execution costs&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;617,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;242,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;798,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Technology and communications&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;291,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;150,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;441,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other general and administrative&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;589,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;279,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;868,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Data processing&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;527,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;527,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Rent and occupancy&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;380,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;250,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;630,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Professional fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;439,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;344,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Depreciation and amortization&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;244,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;244,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Interest expense&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,717,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,475,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;9,131,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Earnings of equity method investment in related party&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Income before provision (benefit) for (from) income taxes&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,457,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;195,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,622,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Provision (benefit) for (from) income taxes&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(8,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income / (loss)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,104,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(22,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income per share of common stock&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.04&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.03&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.04&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;Weighted average shares outstanding&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;27,157,188&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,152,500&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Pro forma shares used to compute net income per share&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,455,962&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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="font-style: italic"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="font-style: italic"&gt;Nine Months Ended September 30, 2019 (unaudited)&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z98656e8a4cca43c29df7fe5ff3ba64cd" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&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; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&gt;&#13;            &lt;div&gt;Revenue&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; 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; 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; 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; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,030,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,102,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,132,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,499,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,662,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;11,161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,479,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;659,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;54,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,363,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,417,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;816,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;633,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;20,634,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;11,258,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;31,709,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Employee compensation and benefits&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,882,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,930,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;13,812,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Clearing fees, including execution costs&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,849,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;659,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,325,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Technology and communications&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;800,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;464,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,264,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other general and administrative&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,861,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;926,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,787,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Data processing&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,487,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,487,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Rent and occupancy&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;995,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;759,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,754,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Professional fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,388,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,180,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,568,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Depreciation and amortization&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;689,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Interest expense&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;16,445,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,508,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;26,770,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Earnings of equity method investment in related party&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Income before provision (benefit) for (from) income taxes&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;750,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,939,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Provision (benefit) for (from) income taxes&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,171,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;218,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,365,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income / (loss)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,102,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;532,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(60,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,574,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income per share of common stock&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.11&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.09&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.12&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;Weighted average shares outstanding&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;27,157,188&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,152,500&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Pro forma shares used to compute net income per share&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,455,962&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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="font-style: italic; font-weight: bold"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="font-style: italic; font-weight: bold"&gt;Statements of Financial Condition&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zf78550f4c1bd4c13b83917e5a75ea46c" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 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; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined Siebert&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 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"&gt;&#13;            &lt;div&gt;ASSETS&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; 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; 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; 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; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and cash equivalents&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,082,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,588,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and securities segregated for regulatory purposes&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;110,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;224,814,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;224,924,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from customers&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,265,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(808,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,524,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from related party&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Other receivables&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;223,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;627,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;762,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Prepaid expenses and other assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;624,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;346,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;970,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities borrowed&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Current assets&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,106,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;511,518,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,896,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;517,728,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Deposits with broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,186,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,840,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(75,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;4,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 3.35pt"&gt;Furniture, equipment and leasehold improvements, net&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,131,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,150,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Software, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,888,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,888,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Lease right-of-use assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,810,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,141,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Equity method investment in related party&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Deferred tax assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,981,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,388,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Intangible assets, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,022,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,022,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Goodwill&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); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,989,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,989,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(5,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;538,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;LIABILITIES AND STOCKHOLDERS&amp;#8217; EQUITY&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to customers&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to non-customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;9,151,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,088,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,063,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Drafts payable&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(883,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to related parties&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Accounts payable and accrued liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;963,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities loaned&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities sold, not yet purchased, at fair value&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Interest payable&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Current portion of notes payable - related party&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;5,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Current portion of lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,291,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;936,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,227,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Current liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;5,869,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;498,852,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,971,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;502,750,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Lease liabilities, less current portion&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,823,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;359,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Liabilities&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,692,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;499,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(1,971,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;504,932,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Commitments and Contingencies&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Stockholders&amp;#8217; equity&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Common stock, $.01 par value&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;271,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;23,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;304,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Additional paid-in capital&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;7,641,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;12,436,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(180,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;19,897,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Retained earnings&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,869,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,268,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(3,203,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,934,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Stockholders&amp;#8217; equity&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;20,781,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;15,714,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;33,135,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total Liabilities and stockholders' equity&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(5,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;538,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic"&gt;Pro Forma Adjustments&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;The pro forma results include adjustments made for the consolidation of both entities. The statements of income reflects the elimination of StockCross&amp;#8217; other income and the Company&amp;#8217;s corresponding&#13;      custody and clearing fees resulting from the fully disclosed clearing relationship between MSCO and StockCross. In addition, the Company&amp;#8217;s earnings recognized as part of its equity method investment in StockCross for the three and nine months ended&#13;      September 30, 2019 were eliminated upon consolidation. These adjustments to pre-tax income were tax affected using an estimated effective tax rate of 28.0%.&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;&amp;#160;The statements of financial condition reflects the elimination of intercompany payables and receivables between the Company and StockCross as part of their ongoing business relationship, as well as&#13;      reflects the elimination of the Company&amp;#8217;s 15% ownership of StockCross. The statements of financial condition reflects an adjustment to increase the Company&amp;#8217;s common stock by the par value of the shares issued in connection with the transaction and to&#13;      eliminate the par value of StockCross&amp;#8217; common stock. The adjustments also increase additional paid-in capital for the net difference, as well as the change in retained earnings from the adjustments in the statements of operations.&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;Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of future&#13;      results.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;WP&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="font-style: italic; font-weight: bold"&gt;Overview of Acquisition&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: justify; text-indent: 36pt"&gt;As previously disclosed in the Company&amp;#8217;s 2019 Form 10-K, the Company completed its acquisition of 100% of the member interests in WP and effective December 1, 2019, WP became a wholly-owned&#13;      subsidiary of the Company. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to ASC 805 - Business Combinations and resulted in $1,989,000 of goodwill.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Pro Forma Statements&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;The following pro forma summary presents the statements of income of the Company as if the acquisition of WP had occurred on January 1, 2019, inclusive of pro forma adjustments (unaudited). WP&amp;#8217;s&#13;      financial statements have already been consolidated as part of the Company&amp;#8217;s financial statements for the periods presented for 2020.&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="z79102708ad6247b5a3e0cdab9075c541" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); padding-bottom: 2px; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); 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: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Revenue&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;14,372,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;41,191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Operating income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&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: 21%"&gt;&#13;            &lt;div&gt;1,905,000&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); 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%; 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); vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;3,693,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Net income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;1,577,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;2,407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The pro forma results include adjustments made for the consolidation of both entities. These adjustments take into consideration the interest expense on the promissory note used in financing the&#13;        acquisition, the amortization of the acquired intangible assets, as well as the tax effect of pro forma adjustments using an estimated combined statutory rate of 28.0%.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of&#13;        future results.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
    <us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="font-weight: bold"&gt;4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations&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;Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z520c21d1f6654910a04449f27ab297aa" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 64%"&gt;&#13;            &lt;div&gt;Receivables from and deposits with broker-dealers and clearing organizations&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; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;DTCC / OCC / NSCC&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,678,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,059,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Goldman Sachs&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,841,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Pershing Capital&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; 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;&#13;            &lt;div&gt;1,279,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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;&#13;            &lt;div&gt;1,192,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;NFS&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;1,113,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;1,328,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Securities fail-to-deliver&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; 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;&#13;            &lt;div&gt;207,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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;&#13;            &lt;div&gt;43,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Globalshares&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;ICBC&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Total Receivables from and deposits with broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;8,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;8,475,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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; 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; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Payables to broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Securities fail-to-receive&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;356,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Total Payables to broker-dealers and clearing organizations&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;356,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&lt;/div&gt;&lt;/div&gt;</us-gaap:DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure>
    <us-gaap:OtherAssetsDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;5. Prepaid Service Contract&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;On April 21, 2020, MSCO entered into a Master Services Agreement (&amp;#8220;MSA&amp;#8221;), with InvestCloud, Inc. (&amp;#8220;InvestCloud&amp;#8221;). Pursuant to the MSA, InvestCloud agreed to provide MSCO with the InvestCloud&#13;      Platform, a new client and back end interface and&amp;#160; related functionalities for MSCO&amp;#8217;s key operations. MSCO agreed to pay InvestCloud as consideration therefore during the initial three-year term an annual license fee of $600,000 as well as an upfront&#13;      professional service fee of $1.0 million for one-time configuration, installation and customization of the software. Following the initial three year term, the MSA will automatically renew for additional one-year terms unless terminated by MSCO upon&#13;      120 days&amp;#8217; notice.&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;In connection with the MSA, InvestCloud entered into a Side Letter Agreement (&amp;#8220;Side Letter&amp;#8221;) with the Company pursuant to which InvestCloud acquired 193,906 shares of the Company&amp;#8217;s restricted common&#13;      stock (the &amp;#8220;Shares&amp;#8221;) at a per share price of $5.81 (the Company&amp;#8217;s share price as of the close of May 12, 2020) for a total of $1.1 million for professional services to integrate the InvestCloud Platform into Siebert&amp;#8217;s existing systems and&#13;      Robo-Advisor. The Shares were issued to InvestCloud on May 12, 2020 without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4(a)(2) thereunder. This transaction is reflected in the &amp;#8220;Non-cash investing&#13;      and financing activities&amp;#8221; section of the statements of cash flows.&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;In accordance with ASU 2018-15,&amp;#160;Intangibles, Goodwill and Other Internal-Use Software, the Company initially recorded a prepaid asset equal to the $2.1 million of the total professional services&#13;      related to the development work performed by InvestCloud, which is within the line item &amp;#8220;Prepaid service contract &amp;#8211; non-current&amp;#8221; on the statements of financial condition. The Company will amortize this asset over the 3-year term of the contract, a&#13;      period during which the arrangement is noncancelable. The license fees related to Siebert&amp;#8217;s use of the InvestCloud Platform are prepaid three months in advance and are within the line item &amp;#8220;Prepaid expenses and other assets&amp;#8221; on the statements of&#13;      financial condition. These prepaid license fees are amortized over the three month term. The amortization for all the prepaid assets related to InvestCloud development is within the line item titled &amp;#8220;Technology and Communications&amp;#8221; on the statements&#13;      of income.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:OtherAssetsDisclosureTextBlock>
    <us-gaap:FairValueMeasurementInputsDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;6. Fair Value Measurements&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Overview&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or&#13;        paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the&#13;        asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income, or cost approach, as specified by ASC 820, are used to measure fair value.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Level 1 - Quoted prices (unadjusted) in active markets for an identical asset or liability that the Company can assess at the measurement date.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Level 3 - Unobservable inputs for the asset or liability.&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;The availability of observable inputs can vary from security to security and is affected by a variety of factors, such as the type of security, the liquidity of markets, and other characteristics&#13;        particular to the security. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. As such, the degree of judgment exercised in&#13;        determining fair value is greatest for instruments categorized in level 3.&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;The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair&#13;        value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily&#13;        available, the Company&amp;#8217;s own assumptions are set to reflect those that the Company believes market participants would use in pricing the asset or liability at the measurement date.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;A description of the valuation techniques applied to the Company&amp;#8217;s major categories of assets and liabilities measured at fair value on a recurring basis is as follows:&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-style: italic"&gt;U.S. government securities:&amp;#160;&lt;/font&gt;U.S. government securities are valued using quoted market prices and as such, valuation adjustments are not applied.&#13;        Accordingly, U.S. government securities are generally categorized in level 1 of the fair value hierarchy.&lt;/div&gt;&#13;    &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&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font-style: italic"&gt;Municipal securities:&lt;/font&gt;&amp;#160;Municipal securities are valued using recently executed transactions, market price quotations (when observable), bond spreads from&#13;        independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments. The spread data used is for the same maturity as the bond. Municipal securities are generally categorized in level&#13;        2 of the fair value hierarchy.&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-style: italic"&gt;Corporate bonds and convertible preferred stock:&amp;#160;&lt;/font&gt;The fair value of corporate bonds and convertible preferred stock are determined using recently executed&#13;        transactions, market price quotations (when observable), bond spreads, or credit default swap spreads obtained from independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments.&#13;        The spread data used is for the same maturity as the bond. If the spread data does not reference the issuer, then data that references a comparable issuer is used. When position-specific external price data is not observable, fair value is&#13;        determined based on either benchmarking to similar instruments or cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates as significant inputs. Corporate bonds and convertible preferred stocks are&#13;        generally categorized in level 2 of the fair value hierarchy.&lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&amp;#160;&lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;font style="font-style: italic"&gt;Equity securities: &lt;/font&gt;Equity securities are valued based on quoted prices from the exchange. To the extent these securities are actively traded, valuation&#13;        adjustments are not applied, and they are categorized in level 1 of the fair value hierarchy. Securities quoted in inactive markets or with observable inputs are categorized into level 2. If there are no observable inputs or quoted prices,&#13;        securities are categorized as level 3 assets in the fair value hierarchy. Level 3 assets are not actively traded and subjective estimates based on managements&amp;#8217; assumptions are utilized for valuation.&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-style: italic"&gt;Mutual funds: &lt;/font&gt;Mutual funds are valued based on the closing net asset value of the publicly traded mutual funds. These securities are actively traded and&#13;        therefore valuation adjustments are not applied. As such, mutual funds are categorized in level 1 of the fair value hierarchy.&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-style: italic"&gt;Certificates of deposit:&amp;#160;&lt;/font&gt;Certificates of deposit included in investments are valued at cost, which approximates fair value. When certificates of deposits&#13;        are held directly with banking institutions and issued directly to the Company, these are categorized within cash and cash equivalents in level 2 of the fair value hierarchy. When certificates of deposits are available for trading, they are&#13;        categorized within securities owned, at fair value in level 2 of the fair value hierarchy.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-weight: bold"&gt;Fair Value Hierarchy Tables&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z3d4624d5d83b46f2a26ab32880408bc2" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 1&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 2&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle"&gt;&#13;            &lt;div&gt;Cash and cash equivalents&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities*&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,028,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,028,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;91,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;91,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Corporate bonds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;765,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;343,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,108,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Mutual funds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;133,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;133,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,926,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;554,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,480,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;Total Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;*As of September 30, 2020, U.S. government securities mature on 08/31/2021&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z116ee13b015c456689e2684b8162fa18" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 1&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 2&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top"&gt;&#13;            &lt;div&gt;Cash and cash equivalents&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&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; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Segregated securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,007,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,007,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Corporate bonds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;453,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;245,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;986,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Total Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,460,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;270,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z1e1c8fc0a3e348899069b2411af80da7" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="4" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: center; font-weight: bold"&gt;Changes in Level 3 Equity Assets&lt;/td&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="4" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2020&lt;/td&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Valuation Technique&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Reason for Change&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Balance &amp;#8211; January 1, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Liquidation value based on valuation report&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Transfers out of level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Sale of equity security&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Balance &amp;#8211; September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&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;The following represents financial instruments in which the ending balances as of September 30, 2020 and December 31, 2019 are not carried at fair value in the statements of financial condition:&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;&amp;#160;&lt;font style="font-style: italic"&gt;Short-term financial instruments: &lt;/font&gt;The carrying value of short-term financial instruments, including cash and securities segregated for regulatory purposes&#13;      are recorded at amounts that approximate the fair value of these instruments. These financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that&#13;      approximate market rates. Cash and securities segregated for regulatory purposes are classified as level 1. Securities segregated for regulatory purposes consist of treasury notes which are categorized in the above tables as level 1 assets.&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-style: italic"&gt;Receivables and other assets&lt;/font&gt;: Receivables from broker-dealers and clearing organizations, receivables from customers, other receivables, and other assets are&#13;      recorded at amounts that approximate fair value and are classified as level 2 under the fair value hierarchy.&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-style: italic"&gt;Securities borrowed and securities loaned&lt;/font&gt;: Securities borrowed and securities loaned are recorded at amounts which approximate fair value and are primarily&#13;      classified as level 2 under the fair value hierarchy. The Company&amp;#8217;s securities borrowed and securities loaned balances represent amounts of equity securities borrow and loan contracts and are marked-to-market daily in accordance with standard&#13;      industry practices which approximate fair value.&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-style: italic"&gt;Payables&lt;/font&gt;: Payables to customers, payables to non-customers, drafts payable, payables to broker-dealers and clearing organizations, accounts payable and&#13;      accrued liabilities, and interest payable are recorded at amounts that approximate fair value due to their short-term nature and are classified as level 2 under the fair value hierarchy.&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-style: italic"&gt;Notes payable &amp;#8211; related party:&lt;/font&gt; The carrying amount of the notes payable &amp;#8211; related party approximates fair value due to the relative short-term nature of the&#13;      borrowing. Under the fair value hierarchy, the notes payable &amp;#8211; related party is classified as level 2.&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-style: italic"&gt;Line of credit&lt;/font&gt;: The carrying amount of the line of credit with East West Bank approximates fair value due to the relative short-term nature of the borrowing.&#13;      Under the fair value hierarchy, the line of credit is classified as level 2.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:FairValueMeasurementInputsDisclosureTextBlock>
    <us-gaap:LesseeOperatingLeasesTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;7. Leases&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;As of September 30, 2020, the Company rents office space under operating leases expiring in 2021 through 2024, and the Company has no financing leases. The leases call for base rent plus&#13;        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 statements of financial condition. The Company elected not to include short-term leases (i.e.,&#13;        leases with initial terms of twelve months or less), or equipment leases (deemed immaterial) on the statements of financial condition. The Company acquired two leases from its acquisition of StockCross, the impact of which is reflected in the&#13;        following disclosures.&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;As of September 30, 2020, 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&#13;        and monitor the lease renewal options on an ongoing basis.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z0eeba86deb6640e988aa475ccda4e4aa" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Assets&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; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Lease right-of-use assets&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;2,813,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Lease liabilities&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;4,409,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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;The calculated amounts 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&#13;      lease payments. The Company leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statements of income rather than capitalizing them as lease&#13;      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, growth, and risk profile.&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="z0185d15dddf349b88fb61fb15eb57890" style="width: 80%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 82%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Lease Term and Discount Rate&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 82%"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2.3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 82%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&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; 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;&#13;            &lt;div&gt;5.0&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;The following table represents lease costs and other lease information. The Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease&#13;      cost primarily represents variable payments such as common area maintenance and utilities which are usually determined by the leased square footage in proportion to the overall office building.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z2153f6a96ef64031a1857910e0c984db" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt; 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Operating lease cost&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;609,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;509,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,268,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Short-term lease cost&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;20,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;81,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;83,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;321,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Variable lease cost&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;65,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;40,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;281,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;165,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Sublease income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Rent and occupancy&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;694,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;630,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,119,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,754,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Cash paid for amounts included in the measurement of lease liabilities&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Operating cash flows from operating leases&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;614,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;512,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,845,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,338,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Operating leases&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;278,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,943,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; font-weight: bold"&gt;Lease Commitments&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;Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:&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="zf149bd2741b3469d80247185e0cdf8b5" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Year&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;606,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;2021&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,403,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;2022&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;2023&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;543,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;2024&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;56,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Remaining balance of lease payments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,363,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Difference between undiscounted cash flows and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;discounted cash flows&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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;As of September 30, 2020, the Company had an operating lease agreement for an office space in Beverly Hills, CA with a term of approximately 5 years. The total commitment of the lease is&#13;      approximately $1.5 million, and the lease will commence on March 1, 2021.&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt; &lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Rent and occupancy expenses were $694,000 and $630,000 for the three months ended September 30, 2020 and 2019, respectively. Rent and occupancy expenses were $2,119,000 and $1,754,000 for the nine&#13;      months ended September 30, 2020 and 2019, respectively.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:LesseeOperatingLeasesTextBlock>
    <us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="font-weight: bold"&gt;8. Goodwill and Intangible Assets, Net&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;Goodwill&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;As of September 30, 2020 and December 31, 2019, the Company&amp;#8217;s carrying amount of goodwill was $1,989,000, all of which came from the Company&amp;#8217;s acquisition of WP&lt;font style="font-style: italic"&gt;.&lt;/font&gt;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-weight: bold"&gt;Intangible Assets, Net&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;As a result of the Company&amp;#8217;s acquisition of WP, the Company had intangible assets consisting of WP&amp;#8217;s customer relationships and WP&amp;#8217;s trade name, the fair values of which were $987,000 and $70,000,&#13;      respectively, as of the acquisition date.&amp;#160;Pursuant to the Company&amp;#8217;s agreement with the original owners of WP, the Company agreed to discontinue using the name of Weeden Prime Services, LLC and filed to change it to WPS Prime Services, LLC in May&#13;      2020. As of September 30, 2020, the WP trade name has been fully amortized.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Impairment&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;For the nine months ended September 30, 2020, management concluded that there have been no impairments to the carrying value of the Company&amp;#8217;s goodwill and other tangible and intangible assets.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
    <us-gaap:LongTermDebtTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="font-weight: bold"&gt;9. Long-Term Debt&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Line of Credit with East West Bank&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;As previously reported in a Current Report on Form 8-K filed July 28, 2020, on July 22, 2020, the Company entered into a Loan and Security Agreement with East West Bank. In accordance with the terms&#13;      of this agreement, the Company has the ability to borrow term loans in an aggregate principal amount not to exceed $10 million during the two-year period after July 22, 2020. The Company&amp;#8217;s obligations under the agreement are secured by a lien on all&#13;      of the Company&amp;#8217;s cash, dividends, stocks and other monies and property from time to time received or receivable in exchange for the Company&amp;#8217;s equity interests in and any other rights to payment from the Company&amp;#8217;s subsidiaries; any deposit accounts&#13;      into which the foregoing is deposited and all substitutions, products, proceeds (cash and non-cash) arising out of any of the foregoing. Each term loan will have a term of four years, beginning when the draw is made.&amp;#160;The repayment schedule will&#13;      utilize a five-year (60 month) amortization period, with a balloon on the remaining amount due at the end of four years.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Term loans made pursuant to the agreement shall bear interest, at the Company&amp;#8217;s option, (i) at the prime rate, as reported by the Wall Street Journal, or (ii) 3.0% above the LIBOR rate, provided that&#13;      the minimum interest rate on any term loan will not be less than 3.25%. In addition to the foregoing, on the date that each term loan is made, the Company shall pay to the lender an origination fee equal to 0.25% of the principal amount of such term&#13;      loan. Pursuant to the loan agreement, the Company paid all lender expenses in connection with the loan agreement.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;This agreement contains certain financial and non-financial covenants. The financial covenants are that the Company must maintain a debt service coverage ratio of 1.35 to 1, an effective tangible net&#13;      worth of a minimum of $25 million, and MSCO must maintain a net capital ratio that is not less than 10% of aggregate debit items. Certain other non-financial covenants include that the Company must promptly notify East West Bank of the creation or&#13;      acquisition of any subsidiary that at any time owns assets with a value of $100,000 or greater. As of September 30, 2020 and the date of the filing of this report, the Company was in compliance with all of its covenants related to this agreement.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;In addition, the Company&amp;#8217;s obligations under the agreement are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the John and Gloria&#13;      Living Trust, U/D/T December 8, 1994 (the &amp;#8220;Trust&amp;#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&amp;#160; &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;As of September 30, 2020, the Company has drawn down a term loan of approximately $4.9 million under this agreement. The Company has incurred interest expense in relation to this term loan of $15,000&#13;      for both the three and nine months ended September 30, 2020.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:LongTermDebtTextBlock>
    <us-gaap:ShortTermDebtTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="font-weight: bold"&gt;10. Notes Payable - Related Party&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;As of September 30, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company&amp;#8217;s principal stockholder, the details of which are presented below:&lt;br /&gt;&#13;      &lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z0b46099b6f2840948201f246a20678b1" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 46%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Description&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 36%"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Issuance Date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Face Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 46%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;4% due December 2, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%"&gt;&#13;            &lt;div style="text-align: center"&gt;December 2, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 46%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div&gt;Subordinated to MSCO*&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 46%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;4% due November 30, 2021**&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;November 30, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 46%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 46%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Notes payable &amp;#8211; related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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"&gt;*The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;**This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.&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;Notes subordinated to MSCO are subordinated to the claims of general creditors, approved by FINRA, and are included in MSCO&amp;#8217;s calculation of net capital and the capital requirements under FINRA and&#13;      SEC regulations.&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt; &lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company&amp;#8217;s interest expense incurred for these notes for the three months ended September 30, 2020 and 2019 was $104,000 and $24,000, respectively. The Company&amp;#8217;s interest expense incurred for&#13;      these notes for the nine months ended September 30, 2020 and 2019 was $220,000 and $66,000, respectively. The Company&amp;#8217;s interest payable was $0 and $10,000 as of September 30, 2020 and December 31, 2019, respectively. Effective March 3, 2020, the&#13;      interest rate on the loan due November 30, 2021 was renegotiated from 2.75% to 4%. There was no consideration paid or received as part of this renegotiation.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ShortTermDebtTextBlock>
    <us-gaap:RevenueFromContractWithCustomerTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;11. Revenue Recognition&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Overview of Revenue&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;The primary sources of revenue for the Company are as follows:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Margin Interest, Marketing and Distribution fees&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;Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees resulting from rebates in money market funds. Margin interest is the net interest charged to&#13;      customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from money market funds. Margin interest, marketing and distribution fees are recorded as earned.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Commissions and Fees&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;The Company earns commission revenue for executing trades for clients in individual equities, options, insurance products, futures, fixed income securities, as well as certain third-party mutual&#13;      funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is recognized at a point in time on the trade date when the performance obligation is&#13;      satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to /&#13;      from the customer.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Principal Transactions&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;Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited order, buys or sells securities as principal and at the same time buys or sells the&#13;      securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that&#13;      is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to / from the customer.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Market Making&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;Market making is revenue generated from the buying and selling of securities. Market making transactions are recorded on a trade-date basis as the securities transactions occur. The performance&#13;      obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have been transferred to / from the counterparty.&#13;      Securities owned are recorded at fair market value at the end of the reporting period.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Stock Borrow / Stock Loan&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;The Company borrows securities on behalf of retail clients to facilitate short trading, loans excess margin securities from client accounts, facilitates borrow and loan contracts for broker-dealer&#13;      counterparties, and provides stock locate services to broker-dealer counterparties. The Company does not utilize stock borrow / stock loan activities for the purpose of financing transactions. Stock borrow / stock loan revenue is reported on a&#13;      monthly basis net of expense. The performance obligation is satisfied on the contract date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have&#13;      been transferred to / from the counterparty.&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;For the three months ended September 30, 2020, stock borrow / stock loan revenue was $1,267,000 ($2,499,000 gross revenue less $1,232,000 expenses). For the three months ended September 30, 2019,&#13;      stock borrow / stock loan revenue was $349,000 ($2,111,000 gross revenue minus $1,762,000 expenses).&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;For the nine months ended September 30, 2020, stock borrow / stock loan revenue was $2,482,000 ($6,170,000 gross revenue less $3,688,000 expenses). For the nine months ended September 30, 2019, stock&#13;      borrow / stock loan revenue was $1,353,000 ($8,381,000 gross revenue minus $7,028,000 expenses).&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Advisory Fees&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;The Company earns advisory fees associated with managing client assets. The performance obligation related to this revenue stream is satisfied over time; however, the advisory fees are variable as&#13;      they are charged as a percentage of the client&amp;#8217;s total asset value, which is determined at the end of the quarter.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Interest Income&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;The Company earns interest from clients&amp;#8217; accounts, net of payments to clients&amp;#8217; accounts, and on the Company&amp;#8217;s bank balances and is recorded as earned.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Other Income&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;Other income represents fees generated from correspondent clearing fees, corporate services client fees, payment for order flow, and transactional fees generated from client accounts. Transactional&#13;      fees are recorded concurrently with the related activity. Other income is recorded as earned.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Categorization of Revenue&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;The following table presents the Company&amp;#8217;s major revenue categories and when each category is recognized:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z440d30bfecd24ca29600480188396556" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; width: 26%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Revenue Category&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; width: 18%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Timing of Recognition&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255); width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Trading Execution and Clearing Services&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,679,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,149,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,132,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,342,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,327,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,126,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;6,138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;423,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,508,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,267,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,482,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;305,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;810,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;Total Trading Execution and Clearing Services&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;9,016,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;5,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;28,075,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;16,498,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,130,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,068,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;6,465,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;12b1 fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;844,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,265,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Total Margin interest, marketing and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,912,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;7,730,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;11,161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;915,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,155,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,417,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;333,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;290,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,035,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;633,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Total Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,559,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;11,920,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,575,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,753,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;39,995,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;31,709,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: 18%; padding-bottom: 4px; background-color: rgb(204, 238, 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;The following table presents each revenue category and its related performance obligation:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z602008e28a1a439da2c460d87c0a8a7c" style="font: 10pt Times New Roman,Times,serif; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0)"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue Stream&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Performance Obligation&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: middle"&gt;&#13;            &lt;div&gt;Commissions and fees, Principal transactions, Market making, Stock borrow /&lt;/div&gt;&#13;            &lt;div&gt;stock loan, Advisory fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: middle"&gt;&#13;            &lt;div&gt;Provide financial services to customers and counterparties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Margin interest, marketing and distribution fees, Interest income, Other income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;n / a&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="font-weight: bold"&gt;Soft Dollar Arrangement&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;As a result of the acquisition of WP, the Company has soft dollar and commission sharing arrangements with customers that fall both within, and outside of, the safe harbor provisions of Rule 28(e) of&#13;      the Securities Exchange Act of 1934 ("Rule 28(e)"), as amended. These soft dollar arrangements were determined to be a separate performance obligation that should be allocated a portion of the transaction price.&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;Under these arrangements, the Company charges additional dollars on customer trades and uses these fees to pay third parties for research, brokerage services, market data, and related expenses&#13;      (&amp;#8220;research services&amp;#8221;) on behalf of clients. The Company is an agent in these arrangements, as it does not control the research services before they are transferred to the customer. As such, the revenue from these agreements are recognized net of cost&#13;      in the statements of income in the line item &amp;#8220;Commissions and fees.&amp;#8221;&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;The Company paid client expenses of approximately $142,000 and $494,000 for the three months and nine months ended September 30, 2020, respectively. The Company had an outstanding receivable and&#13;      payable of approximately $5,000 and $150,000, respectively, as of September 30, 2020. The receivable and payable are in the line items &amp;#8220;Other receivables&amp;#8221; and &amp;#8220;Accounts payable and accrued liabilities,&amp;#8221; respectively, on the statement of financial&#13;      condition.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt; margin-right: 9.05pt"&gt;As of September 30, 2020 and December 31, 2019, no allowance for uncollectible commissions was necessary as the Company believes all commissions receivable and prepaid research&#13;      services expenses will be realized.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Other Items&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;For the nine months ended September 30, 2020 and 2019, there were no costs capitalized related to obtaining or fulfilling a contract with a customer, and thus the Company has no balances for contract&#13;      assets or contract liabilities.&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;The Company concludes that its revenue streams have the same underlying economic factors, and as such, no disaggregation of revenue is required.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RevenueFromContractWithCustomerTextBlock>
    <SIEB:ReferralFeesDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;12. Referral Fees&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;Upon the acquisition of WP, the Company has agreements with various third parties to share commissions and pay fees as defined in the respective agreements. These expenses totaled approximately&#13;      $154,000 and $427,000 for the three and nine months ended September 30, 2020, respectively, which are presented in the line item &amp;#8220;Referral fees&amp;#8221; in the statements of income.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ReferralFeesDisclosureTextBlock>
    <us-gaap:IncomeTaxDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;13. Income Taxes&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;The Company&amp;#8217;s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company&amp;#8217;s year-to-date tax provision with the effective rate that it&#13;      expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. As of September 30, 2020, the Company has concluded that its deferred tax assets are&#13;      realizable on a more-likely-than-not basis with the exception of certain New Jersey net operating losses.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;CARES Act&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;On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (&amp;#8220;CARES Act&amp;#8221;) was enacted in response to COVID-19 pandemic. Under ASC 740, the effects of changes in tax rates and laws are&#13;      recognized in the period which the new legislation is enacted. The CARES Act made various tax law changes including among other things (i) increased the limitation under IRC Section 163(j) for 2019 and 2020 to permit additional expensing of interest&#13;      (ii) enacted a technical correction so that qualified improvement property can be immediately expensed under IRC Section 168(k) and (iii) made modifications to the federal net operating loss rules including permitting federal net operating losses&#13;      incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years in order to generate a refund of previously paid income taxes and (iv)&amp;#160;enhanced recoverability of AMT tax credits. The CARES Act did not have a significant impact&#13;      on the Company&amp;#8217;s financial statements as of September 30, 2020.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Income Tax / Benefit and Effective Tax Rate&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;For the three months ended September 30, 2020, the Company recorded an income tax benefit of $486,000 on income before benefit from income taxes of $95,000. The effective tax rate for the three&#13;      months ended September 30, 2020 was (511.6)%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in&#13;      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.&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;For the nine months ended September 30, 2020, the Company recorded an income tax provision of $39,000 on income before provision for income taxes of $2,095,000. The effective tax rate for the nine&#13;      months ended September 30, 2020 was 1.9%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in&#13;      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.&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;For the three and nine months ended September 30, 2019, the Company recorded an income tax provision of $349,000 and $1,365,000, respectively. The effective tax rate for the three and nine months&#13;      ended September 30, 2019 was 21.5% and 27.6%, respectively. The effective tax rate differs from the statutory rate of 21% primarily related to state taxes.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Uncertain Tax Positions&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;Income tax benefits are recognized for a tax position when, in management&amp;#8217;s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax&#13;      position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority.&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;As of September 30, 2020, the Company recorded an uncertain tax position of $1,041,000 attributable to the Company&amp;#8217;s 2017 to 2019 amended tax returns as the Company&amp;#8217;s anticipated tax refunds exceed&#13;      the amount that meets the more-likely-than-not recognition threshold. The net impact from the uncertain tax position was recorded as a reduction of the Company&amp;#8217;s income tax receivable. The Company expects to receive an income tax refund of&#13;      approximately $248,000 by the first quarter of 2021. In the event that the Company concludes that the Company is subject to interest and / or penalties arising from uncertain tax positions, the Company will present interest and penalties as a&#13;      component of income taxes.&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;The Company recognized the anticipated refunds in three months ended September 30, 2020, as this is the period the Company concluded it would amend its federal tax returns and file refund claims as&#13;      well as calculated the amount of refund to be received.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
    <us-gaap:EarningsPerShareTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;14. Earnings Per Share&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;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 $581,000 and&#13;      $1,273,000 for the three months ended September 30, 2020 and 2019, respectively. The Company had net income of $2,056,000 and $3,574,000 for the nine months ended September 30, 2020 and 2019, respectively.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:EarningsPerShareTextBlock>
    <us-gaap:BrokersAndDealersDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;15. Capital Requirements&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;MSCO and StockCross&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Net Capital&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;MSCO is subject to the Uniform Net Capital Rules of the SEC (Rule 15c3-1)&#13;    of the Securities Exchange Act of 1934. Under the alternate method permitted by this rule, net capital, as defined, shall not&#13;    be less than the lower of $1 million or 2% of aggregate debit items arising from customer transactions. As of September 30,&#13;    2020, MSCO&amp;#8217;s net capital was $27.9 million, which was approximately $25.6 million in excess of its required net capital&#13;    of $2.3 million, and its percentage of aggregate debit balances to net capital was 24.4%.&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;As of December 31, 2019, MSCO&amp;#8217;s net capital was $4.4 million, which was $4.2 million in excess of its required net capital of $250,000. As of December 31, 2019, StockCross&amp;#8217; net capital was $18.8&#13;      million, which was $16.7 million in excess of its required net capital of $2.1 million, and its percentage of aggregate debit balances to net capital was 17.6%. Effective upon the Company&amp;#8217;s acquisition of StockCross on January 1, 2020, the capital of&#13;      MSCO and StockCross was combined.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Special Reserve Account&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;MSCO is subject to Customer Protection Rule 15c3-3 which requires segregation of funds in a special reserve account for the exclusive benefit of customers. As of September 30, 2020, MSCO had cash&#13;      deposits of $264.0 million in the special reserve accounts which was $16.6 million in excess of the deposit requirement of $247.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on October 1, 2020, MSCO had $7.1 million in&#13;      excess of the customer reserve requirement.&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;As of December 31, 2019, MSCO did not have any special reserve accounts. As of December 31, 2019, StockCross had deposits of $223.4 million (cash of $222.1 million and securities with fair value of&#13;      $1.3 million) in the special reserve account which was $4 million in excess of the deposit requirement of $219.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $1 million in excess of the&#13;      customer reserve requirement. Effective upon the Company&amp;#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.&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;As of December 31, 2019, StockCross was also subject to the PAB Account Rule 15c3-3 of the SEC which requires segregation of funds in a special reserve account for the exclusive benefit of&#13;      proprietary accounts of introducing broker-dealers. As of December 31, 2019, StockCross had segregated cash of $1.4 million under rule 15c3-3. As of December 31, 2019, StockCross had $1.4 million in the special reserve account which was $282,000 in&#13;      deficit of the deposit requirement of $1.7 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $218,000 in excess of the PAB reserve requirement. Effective upon the Company&amp;#8217;s acquisition of&#13;      StockCross on January 1, 2020, MSCO no longer had a PAB requirement.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;WP&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Net Capital&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;WP, as a member of FINRA, is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital,&#13;      both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. WP is also subject to the CFTC's minimum financial requirements which require that&#13;      WP maintain net capital, as defined, equal to the greater of its requirements under Regulation 1.17 under the Commodity Exchange Act or Rule 15c3-1.&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;As of September 30, 2020, WP&amp;#8217;s net capital was approximately $3.7 million which was $3.5 million in excess of its minimum requirement of $250,000 under 15c3-1. As of December 31, 2019, WP&amp;#8217;s net&#13;      capital was approximately $3.9 million which was $3.7 million in excess of its minimum requirement of $250,000 under 15c3-1.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:BrokersAndDealersDisclosureTextBlock>
    <us-gaap:FinancialInstrumentsDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;16. Financial Instruments with Off-Balance Sheet Risk&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company enters into various transactions to meet the needs of customers, conduct trading activities, and manage market risks and is, therefore, subject to varying degrees of market and credit&#13;      risk. &lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;In the normal course of business, the Company's customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose the&#13;      Company to off-balance sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company's customer securities activities are transacted on either a cash or margin basis. In margin transactions, the Company extends credit to its customers, subject to various regulatory and&#13;      internal margin requirements, collateralized by cash and securities in the customers' accounts. In connection with these activities, the Company executes and clears customer transactions involving the sale of securities not yet purchased,&#13;      substantially all of which are transacted on a margin basis subject to individual exchange regulations.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Such transactions may expose the Company to off-balance sheet risk in the event margin requirements are not sufficient to fully cover losses that customers may incur. In the event the customer fails&#13;      to satisfy obligations, the Company may be required to purchase or sell financial instruments at prevailing market prices to fulfill the customer's obligations.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company seeks to control the risks associated with its customer activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. The&#13;      Company monitors required margin levels daily and pursuant to such guidelines, requires customers to deposit additional collateral or to reduce positions when necessary.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company's customer financing and securities settlement activities may require the Company to pledge customer securities as collateral in support of various secured financing sources such as bank&#13;      loans and securities loaned. In the event the counterparty is unable to meet its contractual obligation to return customer securities pledged as collateral, the Company may be exposed to the risk of acquiring the securities at prevailing market&#13;      prices in order to satisfy its customer obligations. The Company controls this risk by monitoring the market value of securities pledged on a daily basis and by requiring adjustments of collateral levels in the event of excess market exposure. In&#13;      addition, the Company establishes credit limits for such activities and monitors compliance on a daily basis.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:FinancialInstrumentsDisclosureTextBlock>
    <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;17. Commitments, Contingencies, and Other&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Legal and Regulatory Matters&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;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&#13;      would not have a significant effect on the financial statements.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;General Contingencies&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;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&#13;      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&#13;      payments under these arrangements and has not recorded any contingent liability in the financial statements for these indemnifications.&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;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&#13;      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&#13;      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&#13;      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&#13;      indemnifications.&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;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&#13;      $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&#13;      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&#13;      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.&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;As part of this plan, the Company recognized expenses of $412,000 and $136,000 for the three months ended September 30, 2020 and 2019, respectively. As part of this plan, the Company recognized&#13;      expenses of $962,000 and $594,000 for the nine months ended September 30, 2020 and 2019, respectively.&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;The Company had an accrual of $78,000 as of September 30, 2020, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.&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;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&#13;      in excess of recorded reserves or in excess of its insurance limits.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
    <us-gaap:RelatedPartyTransactionsDisclosureTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;18. Related Party Disclosures&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;StockCross and the Company were under common ownership, and prior to January 1, 2020, StockCross served as one of the clearing broker-dealers for the Company. The StockCross clearing agreement with&#13;        the Company provided that StockCross passed through all revenue and charged the Company for related clearing expenses. Outside of the clearing agreement, the Company had an expense sharing agreement with StockCross for its Beverly Hills and Jersey&#13;        City branch offices, and StockCross paid some vendors for miscellaneous expenses which it passed through to the Company.&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;In January 2019, the Company purchased approximately 15% of StockCross&amp;#8217; outstanding shares. Effective January 1, 2020, the Company acquired the remaining 85% of StockCross in exchange for 3,298,774&#13;        shares of the Company&amp;#8217;s common stock and StockCross was merged with and into MSCO. Upon the closing of this transaction on January 1, 2020, all receivables and payables between the Company and StockCross as well as any earnings from the Company&amp;#8217;s&#13;        equity method investment in StockCross were eliminated upon consolidation.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-weight: bold"&gt;Kennedy Cabot Acquisition, LLC&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Kennedy Cabot Acquisition, LLC (&amp;#8220;KCA&amp;#8221;) is an affiliate of the Company and is under common ownership with the Company. To gain efficiencies and economies of scale with billing and administrative&#13;        functions, KCA serves as a paymaster for the Company for payroll and related functions, the entirety of which KCA passes through to the subsidiaries of the Company proportionally. In addition, KCA has purchased the naming rights of the Company for&#13;        the Company to use.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;KCA sponsors a 401(k) profit sharing plan which covers substantially all of the Company&amp;#8217;s employees. Employee contributions to the plan are at the discretion of eligible employees. There were no&#13;      contributions by the Company or KCA to the plan for the nine months ended September 30, 2020 and 2019.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-indent: 36pt"&gt;In January 2020, MSCO sold approximately $290,000 worth of a private equity security to KCA at cost.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-weight: bold"&gt;Park Wilshire Companies, Inc.&lt;/div&gt;&#13;    &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; text-indent: 36pt"&gt;PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $21,000 and $3,000 for the three months ended September 30, 2020 and 2019, respectively. Revenue for&#13;        PWC from related parties was $65,000 and $67,000 for the nine months ended September 30, 2020 and 2019, respectively.&lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; font-weight: bold"&gt;Gloria E. Gebbia and John J. Gebbia&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; text-indent: 36pt"&gt;The Company has entered into various debt agreements with Gloria E. Gebbia, the Company&amp;#8217;s principal stockholder. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 10 &amp;#8211;&amp;#160;Notes Payable - Related Party&amp;#8221; for&#13;        additional detail&lt;/font&gt;.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;In addition, the Company&amp;#8217;s obligations under its Agreement with East West Bank are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the&#13;      John and Gloria Living Trust, U/D/T December 8, 1994 (the &amp;#8220;Trust&amp;#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 9 &amp;#8211;&amp;#160;Long-Term Debt&amp;#8221; for additional detail&lt;/font&gt;.&lt;/div&gt;&#13;    &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Gebbia Sullivan County Land Trust&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company operates on a month-to-month lease agreement for its branch office in Omaha, Nebraska with the Gebbia Sullivan County Land Trust, the trustee of which is a relative of the Gebbia Family.&#13;      For both the three months ended September 30, 2020 and 2019, rent expense was $15,000 for this branch office. For both the nine months ended September 30, 2020 and 2019, rent expense was $45,000 for this branch office.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:RelatedPartyTransactionsDisclosureTextBlock>
    <us-gaap:BasisOfAccountingPolicyPolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div style="text-align: justify; font-weight: bold"&gt;Basis of Presentation&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;The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (&amp;#8220;GAAP&amp;#8221;) for interim financial information with the instructions for&#13;      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 management, the accompanying financial statements contain all&#13;      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&#13;      financial statements should be read in conjunction with the financial statements and notes thereto in the Company&amp;#8217;s Annual Report on Form 10-K for the year ended December 31, 2019 (&amp;#8220;2019 Form 10-K&amp;#8221;). The financial statements include the accounts of&#13;      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 and numbers are rounded for presentation purposes.&amp;#160;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; font-weight: bold"&gt;Significant Accounting Policies&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;The Company&amp;#8217;s significant accounting policies are included in &amp;#8220;&lt;font style="font-style: italic"&gt;Note 2&lt;/font&gt;&amp;#160;&lt;font style="font-style: italic"&gt;&amp;#8211; Summary of Significant Accounting Policies&amp;#8221; &lt;/font&gt;in&#13;&#13;&#13;&#13;      the Company&amp;#8217;s 2019 Form 10-K. The following changes to the Company&amp;#8217;s significant accounting policies as of September 30, 2020 are primarily due to the acquisition of StockCross. Other than the updates indicated below and in&lt;font style="font-style: italic"&gt; &amp;#8220;Note 2 &amp;#8211; New Accounting Standards,&amp;#8221; &lt;/font&gt;there have been no significant changes to the Company&amp;#8217;s significant accounting policies.&lt;/div&gt;&lt;/div&gt;</us-gaap:BasisOfAccountingPolicyPolicyTextBlock>
    <SIEB:CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Cash and Securities Segregated For Regulatory Purposes&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;MSCO is subject to Exchange Act Rule 15c3-3, referred to as the &amp;#8220;Customer Protection Rule,&amp;#8221; which requires segregation of funds in a special reserve account for the exclusive benefit of customers.&#13;      Effective upon the Company&amp;#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.&lt;font style="font-style: italic"&gt; See &amp;#8220;Note 15 &amp;#8211; Capital Requirements&amp;#8221; for additional&#13;        detail.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock>
    <SIEB:ReceivablesFromAndPayablesToCustomersPolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Receivables From and Payables To Customers&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Accounts receivable from and payable to customers include amounts due and owed on cash and margin transactions. Securities owned by customers are held as collateral for receivables. Receivables&#13;        from customers are reported at their outstanding principal balance, adjusted for any allowance for doubtful accounts. An allowance is established when collectability is not reasonably assured. When the receivable from a brokerage client is&#13;        considered to be impaired, the amount of impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources such as listed market prices or&#13;        broker-dealer price quotations. Securities beneficially owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the statements of financial condition. No valuation allowance for doubtful&#13;        accounts was necessary as of September 30, 2020 and December 31, 2019.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ReceivablesFromAndPayablesToCustomersPolicyTextBlock>
    <SIEB:ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations&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;Accounts receivable from and payable to broker-dealers and clearing organizations includes amounts due from / to introducing broker-dealers, fail-to-deliver and fail-to-receive items, and amounts&#13;      receivable for unsettled regular-way transactions. Deposits with broker-dealers and clearing organizations include amounts held on deposit with broker-dealers and clearing organizations and are included in the line item &amp;#8220;Deposits with broker-dealers&#13;      and clearing organizations.&amp;#8221;&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;MSCO customer transactions for the nine months ended September 30, 2020 were both self-cleared and cleared on a fully disclosed basis through National Financial Services Corp. (&amp;#8220;NFS&amp;#8221;). MSCO&#13;        customer transactions for the nine months ended September 30, 2019 were cleared on a fully disclosed basis through NFS and StockCross, the former of which was an affiliate. As of January 1, 2020, all clearing and other services provided by&#13;        StockCross are performed by MSCO.&lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company operates on a month to month basis with its broker-dealers and clearing organizations and their fees are offset against the Company's revenues on a monthly basis. As of September 30,&#13;        2020, the Company&amp;#8217;s cash clearing deposits with NFS were $50,000. As of December 31, 2019, MSCO&amp;#8217;s cash clearing deposits with NFS and StockCross were $50,000 and $75,000, respectively. Upon the closing of the Company&amp;#8217;s acquisition of StockCross on&#13;        January 1, 2020, all MSCO deposits with StockCross were eliminated. As of September 30, 2020 and December 31, 2019, MSCO had deposits with and other non-current receivables from multiple broker-dealers and clearing organizations of approximately&#13;        $2.1 million and $1.9 million, respectively.&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;WP&amp;#8217;s customer transactions clear on a fully disclosed basis through two clearing broker-dealers, The Goldman Sachs Group, Inc. (&amp;#8220;Goldman Sachs&amp;#8221;) and Pershing LLC (&amp;#8220;Pershing&amp;#8221;). Amounts payable to&#13;        broker-dealers and clearing organizations are offset against amounts receivables from broker-dealers and clearing organizations. Receivables from these broker-dealers and clearing organizations are subject to clearing agreements and include the net&#13;        receivable from net monthly revenues as well as cash on deposit. As of both September 30, 2020 and December 31, 2019, WP&amp;#8217;s cash clearing deposits with Goldman Sachs and Pershing were approximately $2 million and $1 million, respectively.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company evaluates receivables from broker-dealers and clearing organizations and other receivables for collectability noting no amount was considered uncollectable as of September 30, 2020 and&#13;      December 31, 2019. No valuation allowance is recognized for these receivables as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.&lt;font style="font-style: italic"&gt; See &amp;#8220;Note 11 &amp;#8211;&#13;        Revenue Recognition&amp;#8221; for additional detail on the accounting policies for the revenue related to these receivables.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock>
    <us-gaap:SecuritiesBorrowedAndLoanedPolicy contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Borrowed and Securities Loaned&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-indent: 36pt; text-align: justify"&gt;Securities borrowed are recorded at the amount of cash collateral advanced. Securities borrowed transactions require the Company to deposit cash, letters of credit, or other collateral with the&#13;        lender. Securities loaned are recorded at the amount of cash collateral received. For securities borrowed and loaned, the Company monitors the market value of the securities and obtains or refunds collateral as necessary. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SecuritiesBorrowedAndLoanedPolicy>
    <us-gaap:SecuritiesOwnedNotReadilyMarketablePolicy contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Owned, at Fair Value&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Securities owned, at fair value represent marketable securities owned by the Company at trade-date valuation. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 6 &amp;#8211; Fair Value Measurements&amp;#8221; for&#13;          additional detail.&lt;/font&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:SecuritiesOwnedNotReadilyMarketablePolicy>
    <SIEB:PayablesToNoncustomersPolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Payables to Non-Customers&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 18pt"&gt;&lt;font id="TRGRRTFtoHTMLTab" style="font-size: 5.14pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160; &lt;/font&gt;Accounts payable to non-customers includes amounts due on cash and margin transactions on accounts owned and controlled by&#13;      principal officers, directors and stockholders of the Company. Payables to non-customers amounts include any amounts received from interest on credit balances.&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;Payables to non-customers also include amounts due on cash transactions owned and controlled by the Company&amp;#8217;s proprietary accounts of introducing broker-dealers. Effective upon the Company&amp;#8217;s&#13;      acquisition of StockCross on January 1, 2020, the Company no longer had any proprietary accounts of introducing broker-dealers. &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:PayablesToNoncustomersPolicyTextBlock>
    <SIEB:SecuritiesSoldNotYetPurchasedAtFairValuePolicyTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; font-style: italic; font-weight: bold"&gt;Securities Sold, Not Yet Purchased, at Fair Value&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; text-indent: 36pt"&gt;Securities sold, not yet purchased, at fair value represent marketable securities sold by the Company prior to purchase at trade-date valuation. &lt;font style="font-style: italic"&gt;See &amp;#8220;Note 6 &amp;#8211;&#13;          Fair Value Measurements&amp;#8221; for additional detail.&lt;/font&gt;&lt;/div&gt;&#13;      &lt;div&gt;&amp;#160;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:SecuritiesSoldNotYetPurchasedAtFairValuePolicyTextBlock>
    <us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="left" id="z70d818e299804fce835b31f91978e4d7" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Historical&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Carrying Value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 78%"&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; 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: top; background-color: rgb(204, 238, 255); width: 78%"&gt;&#13;            &lt;div&gt;Assets acquired&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and cash equivalents&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;1,588,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and securities segregated for regulatory purposes&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;224,814,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from broker-dealers and clearing organizations&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Other receivables&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;627,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Prepaid expenses and other assets&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;346,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities borrowed&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities owned, at fair value&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Furniture, equipment and leasehold improvements, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Lease right-of-use assets&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,141,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Deferred tax assets&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Assets acquired&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Liabilities assumed&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to non-customers&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;9,151,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Drafts payable&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to broker-dealers and clearing organizations&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Accounts payable and accrued liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;963,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities loaned&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities sold, not yet purchased, at fair value&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Notes payable &amp;#8211; related party&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Lease liabilities&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;1,295,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Liabilities assumed&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; 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: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;499,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net Assets acquired&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,714,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock>
    <SIEB:ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following pro forma financial statements present the statements of income of the Company as if the acquisition of StockCross had occurred on January 1, 2019, inclusive of pro forma adjustments&#13;      (unaudited). The combined results of these pro forma financial statements are also reflected in the Company&amp;#8217;s financial statements for the periods presented for 2019. StockCross&amp;#8217; financial statements have already been consolidated in the Company&amp;#8217;s&#13;      financial statements for the periods presented for 2020:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="font-style: italic; font-weight: bold"&gt;Statements of Operations&lt;/div&gt;&#13;    &lt;div style="font-style: italic"&gt;Three Months Ended September 30, 2019 (unaudited)&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="zf20970cc98d64aad9a7fb7810c530cef" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&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; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&gt;&#13;            &lt;div&gt;Revenue&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; 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; 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; 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; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;348,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,944,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;968,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,912,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,041,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;286,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,327,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;23,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,038,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;351,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;290,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,144,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,753,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Employee compensation and benefits&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,157,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,652,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,809,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Clearing fees, including execution costs&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;617,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;242,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;798,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Technology and communications&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;291,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;150,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;441,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other general and administrative&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;589,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;279,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;868,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Data processing&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;527,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;527,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Rent and occupancy&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;380,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;250,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;630,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Professional fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;439,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;344,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;783,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Depreciation and amortization&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;244,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;244,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Interest expense&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;31,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,717,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,475,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(61,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;9,131,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Earnings of equity method investment in related party&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Income before provision (benefit) for (from) income taxes&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,457,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;195,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(30,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,622,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Provision (benefit) for (from) income taxes&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(8,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income / (loss)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,104,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(22,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income per share of common stock&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.04&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.03&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.04&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;Weighted average shares outstanding&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;27,157,188&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,152,500&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Pro forma shares used to compute net income per share&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,455,962&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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="font-style: italic"&gt;&amp;#160;&lt;/div&gt;&#13;&#13;&lt;div style="font-style: italic"&gt;Nine Months Ended September 30, 2019 (unaudited)&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z98656e8a4cca43c29df7fe5ff3ba64cd" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&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; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; background-color: rgb(204, 238, 255); width: 44%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 44%"&gt;&#13;            &lt;div&gt;Revenue&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; 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; 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; 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; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,030,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,102,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,132,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,499,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,662,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;11,161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,479,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;659,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;54,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,363,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,417,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;816,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;633,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;20,634,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;11,258,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;31,709,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Employee compensation and benefits&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,882,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;4,930,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;13,812,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Clearing fees, including execution costs&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,849,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;659,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,325,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Technology and communications&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;800,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;464,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,264,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other general and administrative&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,861,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;926,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,787,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Data processing&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,487,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,487,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Rent and occupancy&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;995,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;759,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,754,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;&amp;#160;Professional fees&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,388,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,180,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,568,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Depreciation and amortization&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;689,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Interest expense&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Expenses&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;16,445,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,508,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(183,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;26,770,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Earnings of equity method investment in related party&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Income before provision (benefit) for (from) income taxes&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;750,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(84,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,939,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Provision (benefit) for (from) income taxes&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,171,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;218,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;(24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,365,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income / (loss)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,102,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;532,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(60,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,574,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Net income per share of common stock&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.11&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.09&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;0.12&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: top; width: 44%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&gt;&#13;            &lt;div&gt;Weighted average shares outstanding&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Basic and diluted&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;27,157,188&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,152,500&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 44%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Pro forma shares used to compute net income per share&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;30,455,962&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock>
    <us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="font-style: italic; font-weight: bold"&gt;Statements of Financial Condition&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="zf78550f4c1bd4c13b83917e5a75ea46c" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 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; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Siebert&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;StockCross&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Pro Forma&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Adjustments&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total Combined Siebert&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;(unaudited)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 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"&gt;&#13;            &lt;div&gt;ASSETS&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; 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; 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; 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; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and cash equivalents&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,082,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,588,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,670,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Cash and securities segregated for regulatory purposes&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;110,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;224,814,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;224,924,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from customers&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;86,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,265,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(808,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,524,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Receivables from related party&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(1,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Other receivables&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;223,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;627,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;762,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Prepaid expenses and other assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;624,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;346,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;970,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities borrowed&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;193,529,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Current assets&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,106,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;511,518,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,896,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;517,728,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Deposits with broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,186,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,840,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(75,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;4,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="margin-left: 3.35pt"&gt;Furniture, equipment and leasehold improvements, net&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,131,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;19,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,150,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Software, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,888,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,888,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Lease right-of-use assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,810,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,141,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Equity method investment in related party&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Deferred tax assets&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,981,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,388,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Intangible assets, net&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,022,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,022,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Goodwill&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); padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,989,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,989,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(5,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;538,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;LIABILITIES AND STOCKHOLDERS&amp;#8217; EQUITY&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to customers&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;308,091,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to non-customers&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;9,151,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,088,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,063,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Drafts payable&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,834,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(883,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Payables to related parties&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Accounts payable and accrued liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;963,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;7,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Securities loaned&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;170,443,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Securities sold, not yet purchased, at fair value&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Interest payable&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Current portion of notes payable - related party&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;5,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;8,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Current portion of lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,291,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;936,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,227,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Current liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;5,869,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;498,852,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(1,971,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;502,750,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Lease liabilities, less current portion&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,823,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;359,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Liabilities&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,692,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;499,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(1,971,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;504,932,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Commitments and Contingencies&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Stockholders&amp;#8217; equity&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Common stock, $.01 par value&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;271,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;23,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;304,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Additional paid-in capital&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;7,641,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;12,436,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(180,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;19,897,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Retained earnings&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,869,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,268,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(3,203,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,934,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%"&gt;&#13;            &lt;div&gt;Total Stockholders&amp;#8217; equity&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;20,781,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;15,714,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(3,360,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;33,135,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 52%; padding-bottom: 4px"&gt;&#13;            &lt;div&gt;Total Liabilities and stockholders' equity&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,473,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;514,925,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;(5,331,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;538,067,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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;/div&gt;</us-gaap:ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock>
    <us-gaap:BusinessAcquisitionProFormaInformationTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following pro forma summary presents the statements of income of the Company as if the acquisition of WP had occurred on January 1, 2019, inclusive of pro forma adjustments (unaudited). WP&amp;#8217;s&#13;      financial statements have already been consolidated as part of the Company&amp;#8217;s financial statements for the periods presented for 2020.&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="z79102708ad6247b5a3e0cdab9075c541" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); padding-bottom: 2px; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); 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: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Revenue&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;14,372,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;41,191,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Operating income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&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: 21%"&gt;&#13;            &lt;div&gt;1,905,000&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); 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%; 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); vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;3,693,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Net income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;1,577,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%"&gt;&#13;            &lt;div&gt;2,407,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/div&gt;</us-gaap:BusinessAcquisitionProFormaInformationTextBlock>
    <us-gaap:ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z520c21d1f6654910a04449f27ab297aa" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 64%"&gt;&#13;            &lt;div&gt;Receivables from and deposits with broker-dealers and clearing organizations&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; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;DTCC / OCC / NSCC&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,678,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,059,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Goldman Sachs&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,105,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,841,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Pershing Capital&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; 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;&#13;            &lt;div&gt;1,279,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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;&#13;            &lt;div&gt;1,192,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;NFS&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;1,113,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;1,328,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Securities fail-to-deliver&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; 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;&#13;            &lt;div&gt;207,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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;&#13;            &lt;div&gt;43,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Globalshares&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;24,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;ICBC&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Total Receivables from and deposits with broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;8,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;8,475,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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; 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; 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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Payables to broker-dealers and clearing organizations&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Securities fail-to-receive&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;356,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div&gt;Total Payables to broker-dealers and clearing organizations&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;356,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&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%"&gt;&#13;            &lt;div&gt;523,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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;/div&gt;</us-gaap:ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock>
    <us-gaap:ScheduleOfSecuritiesOwnedAndSoldNotYetPurchasedAtFairValueTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z3d4624d5d83b46f2a26ab32880408bc2" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 1&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 2&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle"&gt;&#13;            &lt;div&gt;Cash and cash equivalents&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities*&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,028,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,028,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;91,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;91,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Corporate bonds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;120,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;765,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;343,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,108,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Mutual funds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;133,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;133,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,926,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;554,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,480,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%"&gt;&#13;            &lt;div&gt;Total Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;      &lt;div style="text-align: justify"&gt;*As of September 30, 2020, U.S. government securities mature on 08/31/2021&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z116ee13b015c456689e2684b8162fa18" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 1&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 2&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Total&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Assets&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top"&gt;&#13;            &lt;div&gt;Cash and cash equivalents&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&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; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Certificates of deposit&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;142,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Segregated securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;U.S. government securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,007,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,007,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Corporate bonds&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;25,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;453,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;245,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;986,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Total Securities owned, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;2,460,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;270,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;3,018,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;Equity securities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Securities sold, not yet purchased, at fair value&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;88,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;28,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;116,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfSecuritiesOwnedAndSoldNotYetPurchasedAtFairValueTextBlock>
    <us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock contextRef="From2020-01-01to2020-09-30">&lt;table cellspacing="0" cellpadding="0" id="z1e1c8fc0a3e348899069b2411af80da7" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="4" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: center; font-weight: bold"&gt;Changes in Level 3 Equity Assets&lt;/td&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td rowspan="1" colspan="4" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; text-align: center; font-weight: bold"&gt;Nine Months Ended September 30, 2020&lt;/td&gt;&#13;          &lt;td rowspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Valuation Technique&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Reason for Change&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Balance &amp;#8211; January 1, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Liquidation value based on valuation report&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Transfers out of level 3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;(288,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;)&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Sale of equity security&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%"&gt;&#13;            &lt;div&gt;Balance &amp;#8211; September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 29.33%"&gt;&amp;#160;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;</us-gaap:FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock>
    <SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;As of September 30, 2020, 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&#13;        and monitor the lease renewal options on an ongoing basis.&lt;/div&gt;&#13;      &lt;div&gt;&lt;br /&gt;&#13;      &lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z0eeba86deb6640e988aa475ccda4e4aa" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;December 31, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Assets&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; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Lease right-of-use assets&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;2,813,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,951,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 64%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 64%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;&amp;#160;Lease liabilities&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;3,181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&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;4,409,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfSupplementalBalanceSheetInformationRelatedToLeasesTableTextBlock>
    <SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z0185d15dddf349b88fb61fb15eb57890" style="width: 80%; color: #000000; font-size: 10pt; text-align: left"&gt;&lt;tr&gt;&lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 82%"&gt;&lt;div style="font-weight: bold"&gt;Lease Term and Discount Rate&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;As of&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 82%"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average remaining lease term &amp;#8211; operating leases (in years)&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;2.3&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 82%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Weighted average discount rate &amp;#8211; operating leases&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; 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;&#13;            &lt;div&gt;5.0&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;%&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfAdditionalInformationRelatedToLeasesTableTextBlock>
    <us-gaap:LeaseCostTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table represents lease costs and other lease information. The Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease&#13;      cost primarily represents variable payments such as common area maintenance and utilities which are usually determined by the leased square footage in proportion to the overall office building.&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" id="z2153f6a96ef64031a1857910e0c984db" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt; 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Operating lease cost&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;609,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;509,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,268,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Short-term lease cost&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;20,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;81,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;83,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;321,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Variable lease cost&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;65,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;40,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;281,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;165,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Sublease income&lt;/div&gt;&#13;          &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="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Rent and occupancy&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;694,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;630,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,119,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,754,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Cash paid for amounts included in the measurement of lease liabilities&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;&amp;#160;Operating cash flows from operating leases&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;614,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;512,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,845,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%"&gt;&#13;            &lt;div&gt;1,338,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 9%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 52%"&gt;&#13;            &lt;div&gt;Lease right-of-use assets obtained in exchange for new lease liabilities&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 52%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Operating leases&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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;278,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#8212;&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,943,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;      &#13;    &lt;/table&gt;&#13;    &lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:LeaseCostTableTextBlock>
    <us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:&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="zf149bd2741b3469d80247185e0cdf8b5" style="width: 60%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Year&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;606,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;2021&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,403,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%"&gt;&#13;            &lt;div&gt;&amp;#160;2022&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;2023&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;543,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;2024&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;56,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 78%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Remaining balance of lease payments&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,363,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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; width: 78%; padding-bottom: 2px"&gt;&#13;            &lt;div&gt;&amp;#160;Difference between undiscounted cash flows and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;discounted cash flows&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%"&gt;&#13;            &lt;div&gt;182,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Lease liabilities&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock>
    <us-gaap:ScheduleOfDebtTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;As of September 30, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company&amp;#8217;s principal stockholder, the details of which are presented below:&lt;br /&gt;&#13;      &lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" align="center" id="z0b46099b6f2840948201f246a20678b1" style="width: 70%; color: #000000; font-size: 10pt; text-align: left"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 46%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Description&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 36%"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Issuance Date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Face Amount&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); 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: top; width: 46%"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;4% due December 2, 2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%"&gt;&#13;            &lt;div style="text-align: center"&gt;December 2, 2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top; width: 46%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top"&gt;&#13;            &lt;div&gt;Subordinated to MSCO*&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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; 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; 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: top; width: 46%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;&amp;#160;4% due November 30, 2021**&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center"&gt;November 30, 2018&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 46%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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: top; width: 46%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Notes payable &amp;#8211; related party&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;6,000,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 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"&gt;*The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;**This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</us-gaap:ScheduleOfDebtTableTextBlock>
    <us-gaap:ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents the Company&amp;#8217;s major revenue categories and when each category is recognized:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z440d30bfecd24ca29600480188396556" style="font: 10pt &amp;#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Three Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;Nine Months Ended&lt;/div&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;September 30,&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; width: 26%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Revenue Category&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2020&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle"&gt;&#13;            &lt;div style="text-align: center; font-weight: bold"&gt;2019&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; width: 18%"&gt;&#13;            &lt;div style="font-weight: bold"&gt;Timing of Recognition&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255); width: 26%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Trading Execution and Clearing Services&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Commissions and fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;4,679,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,273,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,149,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;7,132,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Principal transactions&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,342,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,327,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,126,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;6,138,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Market making&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;423,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;330,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,508,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,303,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded on trade date&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Stock borrow / stock loan&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,267,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;349,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,482,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,353,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Advisory fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;305,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;810,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;572,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;Total Trading Execution and Clearing Services&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;9,016,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;5,490,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;28,075,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;16,498,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest, marketing and distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Margin interest&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,130,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,068,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;6,465,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;8,755,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;12b1 fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;181,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;844,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,265,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; 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; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;2,406,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; 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: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Total Margin interest, marketing and&lt;/div&gt;&#13;            &lt;div&gt;&amp;#160;distribution fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;2,311,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,912,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;7,730,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;11,161,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%"&gt;&#13;            &lt;div&gt;&amp;#160;Interest income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;915,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;1,061,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,155,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%"&gt;&#13;            &lt;div&gt;3,417,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Other income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;333,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;290,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;1,035,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;633,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify"&gt;Recorded as earned&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;&amp;#160;Total Other Income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; 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; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;3,559,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;5,263,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;11,920,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;15,211,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: 18%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px"&gt;&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; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Total Revenue&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;12,575,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;10,753,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; 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; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;39,995,000&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&amp;#160;&lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;$&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; 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    <SIEB:ScheduleOfPerformanceObligationTableTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;div&gt;&lt;div style="text-align: justify; text-indent: 36pt"&gt;The following table presents each revenue category and its related performance obligation:&lt;/div&gt;&#13;    &lt;div&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;table cellspacing="0" cellpadding="0" border="0" id="z602008e28a1a439da2c460d87c0a8a7c" style="font: 10pt Times New Roman,Times,serif; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0)"&gt;&#13;      &#13;        &lt;tr&gt;&#13;          &lt;td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Revenue Stream&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="width: 50%; vertical-align: top; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div style="text-align: justify; font-weight: bold"&gt;Performance Obligation&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: middle"&gt;&#13;            &lt;div&gt;Commissions and fees, Principal transactions, Market making,&lt;/div&gt;&#13;            &lt;div&gt;Stock borrow / stock loan, Advisory fees&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: middle"&gt;&#13;            &lt;div&gt;Provide financial services to customers and counterparties&lt;/div&gt;&#13;          &lt;/td&gt;&#13;        &lt;/tr&gt;&#13;        &lt;tr&gt;&#13;          &lt;td style="vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;Margin interest, marketing and distribution fees, Interest income, Other income&lt;/div&gt;&#13;          &lt;/td&gt;&#13;          &lt;td style="vertical-align: middle; background-color: rgb(204, 238, 255)"&gt;&#13;            &lt;div&gt;n / a&lt;/div&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;/div&gt;</SIEB:ScheduleOfPerformanceObligationTableTextBlock>
    <us-gaap:SubsequentEventsTextBlock contextRef="From2020-01-01to2020-09-30">&lt;div&gt;&lt;div&gt;&lt;/div&gt;&#13;    &lt;div style="text-align: justify"&gt;&lt;font style="font-weight: bold"&gt;19. Subsequent Events&lt;br /&gt;&#13;      &lt;/font&gt;&lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;The Company has evaluated events that have occurred subsequent to September 30, 2020 and through November 16, 2020, the date of the filing of this report.&lt;/div&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt; &lt;br /&gt;&#13;    &lt;/div&gt;&#13;    &lt;div&gt;&#13;      &lt;div style="text-align: justify; color: Black; text-indent: 36pt"&gt;On November 10, 2020, the Company issued 150,000 shares of its restricted common stock (the &amp;#8220;Shares&amp;#8221;) to each of Anthony Palmeri&#13;and Gerard Losurdo, each new employees of MSCO, as part of their employment agreements. Mr. Palmeri and Mr. Losurdo each paid the Company&#13;approximately $400,000 for their Shares, which was equal to 70% of the closing price of the common stock as reported on Nasdaq on November&#13;9, 2020. The Shares issued to Mr. Palmeri and Mr. Losurdo are subject to a three-year restriction on transfer commencing on the day of&#13;issuance. The issuance of the Shares were each approved by unanimous written consent of the Company's board of directors. The shares were&#13;issued to Mr. Palmeri and Mr. Losurdo as part of their employment agreements in accordance with Nasdaq Listing Rule 5635(c)(4). The Shares&#13;were issued without registration under the Securities Exchange Act of 1933, as amended in reliance upon the exemption provided in Section&#13;4(a)(2) thereunder.&lt;/div&gt;&#13;    &lt;/div&gt;&#13;    &lt;br /&gt;&#13;    &lt;div style="text-align: justify; text-indent: 36pt"&gt;Other than the event described above, there have been no material subsequent events that occurred during such period that would require disclosure in this report or would be required to be recognized&#13;      in the financial statements as of September 30, 2020.&lt;/div&gt;&lt;/div&gt;</us-gaap:SubsequentEventsTextBlock>
    <SIEB:SharesIssuedForPaymentOfProfessionalServices contextRef="From2020-01-01to2020-09-30" unitRef="USD" decimals="0">1127000</SIEB:SharesIssuedForPaymentOfProfessionalServices>
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    <SIEB:InterestRateOnLoanRenegotiatedPercentage contextRef="From2020-03-01to2020-03-03_custom_FourPercentageDueNovemberSecondTwoThousandsTwentyMember" unitRef="Pure" decimals="INF">0.0400</SIEB:InterestRateOnLoanRenegotiatedPercentage>
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    <SIEB:MinimumCashDepositRequirement contextRef="AsOf2019-12-31_custom_StockCrossMember_custom_SpecialReserveAccountMember" unitRef="USD" decimals="0">1700000</SIEB:MinimumCashDepositRequirement>
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      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-01" xml:lang="en-US">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</link:footnote>
      <link:footnote xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/footnote" xlink:label="Footnote-02" xml:lang="en-US">Shares outstanding as of December 31, 2019 represents the combined total of the Company's shares outstanding and the shares issued for the Company's acquisition of StockCross. See "Note 1 - Organization and Basis of Presentation" for additional detail.</link:footnote>
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	<link:linkbaseRef xlink:type="simple" xlink:href="sieb-20200930_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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</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>6
<FILENAME>sieb-20200930_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE
<TEXT>
<XBRL>
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      <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/2020/elts/srt-2020-01-31.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">Product and Service [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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-20200930.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/2020/elts/us-gaap-2020-01-31.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-20200930.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="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancingReceivablePortfolioSegmentAxis" xlink:to="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancingReceivablePortfolioSegmentAxis_lbl" xml:lang="en-US">Financing Receivable Portfolio Segment [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_NFSMember" xlink:label="SIEB_NFSMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NFSMember" xlink:to="SIEB_NFSMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_NFSMember_lbl" xml:lang="en-US">NFS [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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-20200930.xsd#SIEB_GoldmanSachsMember" xlink:label="SIEB_GoldmanSachsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_GoldmanSachsMember" xlink:to="SIEB_GoldmanSachsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_GoldmanSachsMember_lbl" xml:lang="en-US">Goldman Sachs [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_PershingMember" xlink:label="SIEB_PershingMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PershingMember" xlink:to="SIEB_PershingMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PershingMember_lbl" xml:lang="en-US">Pershing [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis" xlink:to="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis_lbl" xml:lang="en-US">Security Owned and Sold, Not yet Purchased, at Fair Value [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EquitySecuritiesMember" xlink:label="us-gaap_EquitySecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EquitySecuritiesMember_lbl" xml:lang="en-US">Equity Securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_lbl" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel1Member_lbl" xml:lang="en-US">Level 1 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel2Member_lbl" xml:lang="en-US">Level 2 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueInputsLevel3Member_lbl" xml:lang="en-US">Level 3 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueByAssetClassAxis" xlink:label="us-gaap_FairValueByAssetClassAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByAssetClassAxis" xlink:to="us-gaap_FairValueByAssetClassAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueByAssetClassAxis_lbl" xml:lang="en-US">Asset Class [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CertificatesOfDepositMember" xlink:label="us-gaap_CertificatesOfDepositMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CertificatesOfDepositMember" xlink:to="us-gaap_CertificatesOfDepositMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CertificatesOfDepositMember_lbl" xml:lang="en-US">Certificates of Deposit [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis_2_lbl" xml:lang="en-US">Fair Value By Fair Value Hierarchy Level [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_USGovernmentAgenciesDebtSecuritiesMember" xlink:label="us-gaap_USGovernmentAgenciesDebtSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USGovernmentAgenciesDebtSecuritiesMember" xlink:to="us-gaap_USGovernmentAgenciesDebtSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_USGovernmentAgenciesDebtSecuritiesMember_lbl" xml:lang="en-US">U.S. government securities [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CorporateBondSecuritiesMember" xlink:label="us-gaap_CorporateBondSecuritiesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CorporateBondSecuritiesMember" xlink:to="us-gaap_CorporateBondSecuritiesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CorporateBondSecuritiesMember_lbl" xml:lang="en-US">Corporate bonds [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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-20200930.xsd#SIEB_StockCrossMergedWithMSCOMember" xlink:label="SIEB_StockCrossMergedWithMSCOMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossMergedWithMSCOMember" xlink:to="SIEB_StockCrossMergedWithMSCOMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_StockCrossMergedWithMSCOMember_lbl" xml:lang="en-US">When StockCross Merged with MSCO [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_WPMember" xlink:label="SIEB_WPMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPMember" xlink:to="SIEB_WPMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_WPMember_lbl" xml:lang="en-US">WP [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_SiebertMember" xlink:label="SIEB_SiebertMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SiebertMember" xlink:to="SIEB_SiebertMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_SiebertMember_lbl" xml:lang="en-US">Siebert [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_ProFormaAdjustmentsMember" xlink:label="SIEB_ProFormaAdjustmentsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProFormaAdjustmentsMember" xlink:to="SIEB_ProFormaAdjustmentsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ProFormaAdjustmentsMember_lbl" xml:lang="en-US">Pro Forma Adjustments (unaudited) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_CombinedSiebertMember" xlink:label="SIEB_CombinedSiebertMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CombinedSiebertMember" xlink:to="SIEB_CombinedSiebertMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CombinedSiebertMember_lbl" xml:lang="en-US">Total Combined Siebert (unaudited) [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis" xlink:to="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis_lbl" xml:lang="en-US">Finite-Lived Intangible Assets by Major Class [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CustomerRelationshipsMember" xlink:label="us-gaap_CustomerRelationshipsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerRelationshipsMember" xlink:to="us-gaap_CustomerRelationshipsMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CustomerRelationshipsMember_lbl" xml:lang="en-US">Customer Relationships [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_WeedenPrimeServicesLLCMember" xlink:label="SIEB_WeedenPrimeServicesLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WeedenPrimeServicesLLCMember" xlink:to="SIEB_WeedenPrimeServicesLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_WeedenPrimeServicesLLCMember_lbl" xml:lang="en-US">Weeden Prime Services LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_TradeNamesMember" xlink:label="us-gaap_TradeNamesMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TradeNamesMember" xlink:to="us-gaap_TradeNamesMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TradeNamesMember_lbl" xml:lang="en-US">Trade Names [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentAxis_lbl" xml:lang="en-US">Debt Instrument [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember" xlink:label="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember_lbl" xml:lang="en-US">4% due December 2, 2020 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember" xlink:label="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember_lbl" xml:lang="en-US">4% due November 30, 2021 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_SubordinatedToMscoMember" xlink:label="SIEB_SubordinatedToMscoMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SubordinatedToMscoMember" xlink:to="SIEB_SubordinatedToMscoMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_SubordinatedToMscoMember_lbl" xml:lang="en-US">Subordinated to MSCO [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsAxis" xlink:label="us-gaap_CashAndCashEquivalentsAxis" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_StockCrossShareholdersMember_lbl" xml:lang="en-US">StockCross Shareholders [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_GebbiaSullivanCountyLandTrustMember_lbl" xml:lang="en-US">Gebbia Sullivan County Land Trust [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LicenseMember" xlink:label="us-gaap_LicenseMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ServiceMember_lbl" xml:lang="en-US">Upfront Professional Service Fee [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ProfessionalServicesMember_lbl" xml:lang="en-US">Professional Services [Member]</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MutualFundMember_lbl" xml:lang="en-US">Mutual Fund [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventMember_lbl" xml:lang="en-US">Subsequent Event [Member]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LoanAndSecurityAgreementMember" xlink:to="SIEB_LoanAndSecurityAgreementMember_lbl" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US">Legal Entity [Axis]</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EastWestBankMember" xlink:to="SIEB_EastWestBankMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_EastWestBankMember_lbl" xml:lang="en-US">East West Bank [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_TermLoanMember" xlink:label="SIEB_TermLoanMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TermLoanMember" xlink:to="SIEB_TermLoanMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TermLoanMember_lbl" xml:lang="en-US">Term Loan [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_WPSPrimeServicesLLCMember" xlink:label="SIEB_WPSPrimeServicesLLCMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPSPrimeServicesLLCMember" xlink:to="SIEB_WPSPrimeServicesLLCMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_WPSPrimeServicesLLCMember_lbl" xml:lang="en-US">WPS Prime Services, LLC [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_UnrelatedPartyMember" xlink:label="SIEB_UnrelatedPartyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_UnrelatedPartyMember" xlink:to="SIEB_UnrelatedPartyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_UnrelatedPartyMember_lbl" xml:lang="en-US">Unrelated party [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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>
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      <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>
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      <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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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/2020/dei-2020-01-31.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>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2020/dei-2020-01-31.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrentAbstract_lbl" xml:lang="en-US">Current assets</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>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations_lbl" xml:lang="en-US">Cash and securities segregated for regulatory purposes</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivablesFromCustomers" xlink:to="us-gaap_ReceivablesFromCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesFromCustomers_lbl" xml:lang="en-US">Receivables from customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizations_lbl" xml:lang="en-US">Receivables from broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherReceivables" xlink:label="us-gaap_OtherReceivables" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivables" xlink:to="us-gaap_OtherReceivables_lbl" xlink:type="arc" />
      <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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseAndOtherAssetsCurrent" xlink:to="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseAndOtherAssetsCurrent_lbl" xml:lang="en-US">Prepaid expenses and other assets</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowed" xlink:to="us-gaap_SecuritiesBorrowed_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesBorrowed_lbl" xml:lang="en-US">Securities borrowed</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned" xlink:to="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned_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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Total Current assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DepositsAssetsNoncurrent" xlink:label="us-gaap_DepositsAssetsNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepositsAssetsNoncurrent" xlink:to="us-gaap_DepositsAssetsNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepositsAssetsNoncurrent_lbl" xml:lang="en-US">Deposits with broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PrepaidExpenseOtherNoncurrent" xlink:label="us-gaap_PrepaidExpenseOtherNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseOtherNoncurrent" xlink:to="us-gaap_PrepaidExpenseOtherNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseOtherNoncurrent_lbl" xml:lang="en-US">Prepaid service contract - non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CapitalizedComputerSoftwareNet" xlink:label="us-gaap_CapitalizedComputerSoftwareNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedComputerSoftwareNet" xlink:to="us-gaap_CapitalizedComputerSoftwareNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedComputerSoftwareNet_lbl" xml:lang="en-US">Software, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DeferredIncomeTaxAssetsNet" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredIncomeTaxAssetsNet" xlink:to="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredIncomeTaxAssetsNet_lbl" xml:lang="en-US">Deferred tax assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">Intangible assets, net</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Goodwill" xlink:label="us-gaap_Goodwill" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Goodwill" xlink:to="us-gaap_Goodwill_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Goodwill_lbl" xml:lang="en-US">Goodwill</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Total Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS' EQUITY</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="us-gaap_LiabilitiesAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAbstract" xlink:to="us-gaap_LiabilitiesAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrentAbstract_lbl" xml:lang="en-US">Current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_PayablesToCustomers" xlink:label="srt_PayablesToCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PayablesToCustomers" xlink:to="srt_PayablesToCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_PayablesToCustomers_lbl" xml:lang="en-US">Payables to customers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_PayablesToNoncustomers" xlink:label="SIEB_PayablesToNoncustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PayablesToNoncustomers" xlink:to="SIEB_PayablesToNoncustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PayablesToNoncustomers_lbl" xml:lang="en-US">Payables to non-customers</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_DraftsPayable" xlink:label="srt_DraftsPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_DraftsPayable" xlink:to="srt_DraftsPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_DraftsPayable_lbl" xml:lang="en-US">Drafts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_PayablesToBrokerDealersAndClearingOrganizations" xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_PayablesToBrokerDealersAndClearingOrganizations" xlink:to="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_PayablesToBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">Payables to broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent" xlink:to="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesLoaned" xlink:to="us-gaap_SecuritiesLoaned_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesLoaned_lbl" xml:lang="en-US">Securities loaned</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased" xlink:to="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased_lbl" xml:lang="en-US">Securities sold, not yet purchased, at fair value</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrent" xlink:to="us-gaap_InterestPayableCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestPayableCurrent_lbl" xml:lang="en-US">Interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableRelatedPartiesClassifiedCurrent_lbl" xml:lang="en-US">Current portion of notes payable - related party</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityCurrent_lbl" xml:lang="en-US">Current portion of lease liabilities</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Current portion of long-term debt</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Total Current liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiabilityNoncurrent" xlink:to="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingLeaseLiabilityNoncurrent_lbl" xml:lang="en-US">Lease liabilities, less current portion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NotesPayableRelatedPartiesNoncurrent" xlink:label="us-gaap_NotesPayableRelatedPartiesNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesPayableRelatedPartiesNoncurrent" xlink:to="us-gaap_NotesPayableRelatedPartiesNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NotesPayableRelatedPartiesNoncurrent_lbl" xml:lang="en-US">Notes payable - related party, less current portion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term debt, less current portion</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US">Total Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US">Commitments and Contingencies</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US">Stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US">Common stock, $.01 par value; 100 million shares authorized; 30,653,710 and 30,459,804 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit_lbl" xml:lang="en-US">Retained earnings</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US">Total Stockholders' equity</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xlink:type="arc" />
      <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>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
      <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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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-20200930.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="sieb-20200930.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="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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 income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_MarketMakingIncome" xlink:label="SIEB_MarketMakingIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarketMakingIncome" xlink:to="SIEB_MarketMakingIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MarketMakingIncome_lbl" xml:lang="en-US">Market making</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_StockLoanIncome" xlink:label="SIEB_StockLoanIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockLoanIncome" xlink:to="SIEB_StockLoanIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_StockLoanIncome_lbl" xml:lang="en-US">Stock borrow / stock loan</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherIncome" xlink:label="us-gaap_OtherIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncome" xlink:to="us-gaap_OtherIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncome_lbl" xml:lang="en-US">Other income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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="sieb-20200930.xsd#SIEB_TechnologyAndCommunications" xlink:label="SIEB_TechnologyAndCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TechnologyAndCommunications" xlink:to="SIEB_TechnologyAndCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_TechnologyAndCommunications_lbl" xml:lang="en-US">Technology and communications</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InformationTechnologyAndDataProcessing" xlink:to="us-gaap_InformationTechnologyAndDataProcessing_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InformationTechnologyAndDataProcessing_lbl" xml:lang="en-US">Data processing</link:label>
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      <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>
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      <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/2020/elts/us-gaap-2020-01-31.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="sieb-20200930.xsd#SIEB_ReferralFees" xlink:label="SIEB_ReferralFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReferralFees" xlink:to="SIEB_ReferralFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReferralFees_lbl" xml:lang="en-US">Referral fees</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/label" xlink:label="us-gaap_ProfitLoss_lbl" xml:lang="en-US">Income before provision (benefit) for (from) income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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 (benefit) for (from) income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_StockholdersEquityTotal" xlink:label="SIEB_StockholdersEquityTotal" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockholdersEquityTotal" xlink:to="SIEB_StockholdersEquityTotal_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="SIEB_StockholdersEquityTotal_lbl" xml:lang="en-US">Beginning balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets" xlink:label="us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets" xlink:to="us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValuePurchaseOfAssets_lbl" xml:lang="en-US">Shares issued for StockCross purchase</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets" xlink:to="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesPurchaseOfAssets_lbl" xml:lang="en-US">Shares issued for StockCross purchase, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueIssuedForServices" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueIssuedForServices_lbl" xml:lang="en-US">Shares issued for payment of professional services</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices_lbl" xml:lang="en-US">Shares issued for payment of professional services, shares</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalOther_lbl" xml:lang="en-US">Return of capital distribution</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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockholdersEquityTotal" xlink:to="SIEB_StockholdersEquityTotal_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="SIEB_StockholdersEquityTotal_2_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/2020/elts/us-gaap-2020-01-31.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>
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      <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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" xlink:label="us-gaap_IncreaseDecreaseInDeferredIncomeTaxes" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsAndNotesReceivable" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" xlink:label="us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInBrokerageReceivables" xlink:label="us-gaap_IncreaseDecreaseInBrokerageReceivables" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInTradingSecurities" xlink:label="us-gaap_IncreaseDecreaseInTradingSecurities" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInTradingSecurities_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/2020/elts/us-gaap-2020-01-31.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="sieb-20200930.xsd#SIEB_PrepaidServiceContractNoncurrent" xlink:label="SIEB_PrepaidServiceContractNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PrepaidServiceContractNoncurrent" xlink:to="SIEB_PrepaidServiceContractNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="SIEB_PrepaidServiceContractNoncurrent_lbl" xml:lang="en-US">Prepaid service contract - non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInPayablesToCustomers" xlink:label="us-gaap_IncreaseDecreaseInPayablesToCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPayablesToCustomers" xlink:to="us-gaap_IncreaseDecreaseInPayablesToCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInPayablesToCustomers_lbl" xml:lang="en-US">Payables to customers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_IncreaseDecreaseInPayablesToNonCustomers" xlink:label="SIEB_IncreaseDecreaseInPayablesToNonCustomers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInPayablesToNonCustomers" xlink:to="SIEB_IncreaseDecreaseInPayablesToNonCustomers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_IncreaseDecreaseInPayablesToNonCustomers_lbl" xml:lang="en-US">Payables to non-customers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_IncreaseDecreaseInDraftsPayable" xlink:label="SIEB_IncreaseDecreaseInDraftsPayable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInDraftsPayable" xlink:to="SIEB_IncreaseDecreaseInDraftsPayable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_IncreaseDecreaseInDraftsPayable_lbl" xml:lang="en-US">Drafts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInPayablesToBrokerDealers" xlink:label="us-gaap_IncreaseDecreaseInPayablesToBrokerDealers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPayablesToBrokerDealers" xlink:to="us-gaap_IncreaseDecreaseInPayablesToBrokerDealers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInPayablesToBrokerDealers_lbl" xml:lang="en-US">Payables to broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions" xlink:label="us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions" xlink:to="us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions_lbl" xml:lang="en-US">Securities loaned</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased" xlink:to="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased_lbl" xml:lang="en-US">Securities sold, not yet purchased, at fair value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInterestPayableNet" xlink:to="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInInterestPayableNet_lbl" xml:lang="en-US">Interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_IncreaseDecreaseInLeaseLiabilities" xlink:label="SIEB_IncreaseDecreaseInLeaseLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInLeaseLiabilities" xlink:to="SIEB_IncreaseDecreaseInLeaseLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_IncreaseDecreaseInLeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable_lbl" xml:lang="en-US">Taxes payable</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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 / (used in) operating activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1" xlink:label="us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1" xlink:to="us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1_lbl" xml:lang="en-US">Escrow deposit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash Flows From Financing Activities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" xlink:label="us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_lbl" xml:lang="en-US">Long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForRepurchaseOfEquity" xlink:label="us-gaap_PaymentsForRepurchaseOfEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfEquity" xlink:to="us-gaap_PaymentsForRepurchaseOfEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsForRepurchaseOfEquity_lbl" xml:lang="en-US">Purchase of StockCross common stock</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsOfCapitalDistribution" xlink:label="us-gaap_PaymentsOfCapitalDistribution" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfCapitalDistribution" xlink:to="us-gaap_PaymentsOfCapitalDistribution_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsOfCapitalDistribution_lbl" xml:lang="en-US">Return of capital distribution - StockCross</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfTreasuryStock_lbl" xml:lang="en-US">Treasury stock sales - StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect_lbl" xml:lang="en-US">Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_2_lbl" xml:lang="en-US">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end 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_2_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock_lbl" xml:lang="en-US">Organization and Basis of Presentation</link:label>
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AcquisitionsAbstract" xlink:to="SIEB_AcquisitionsAbstract_lbl" xlink:type="arc" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure" xlink:label="us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_PrepaidServiceContractAbstract" xlink:label="SIEB_PrepaidServiceContractAbstract" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock_lbl" xml:lang="en-US">Prepaid Service Contract</link:label>
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementInputsDisclosureTextBlock" xlink:label="us-gaap_FairValueMeasurementInputsDisclosureTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_GoodwillAndIntangibleAssetsNetAbstract" xlink:label="SIEB_GoodwillAndIntangibleAssetsNetAbstract" />
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      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets_lbl" xml:lang="en-US">Total Assets acquired</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities assumed</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer_lbl" xml:lang="en-US">Payables to non-customers</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable_lbl" xml:lang="en-US">Drafts payable</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations" />
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      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned_lbl" xml:lang="en-US">Securities loaned</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther_lbl" xml:lang="en-US">Securities sold, not yet purchased, at fair value</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt_lbl" xml:lang="en-US">Notes payable - related party</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation_lbl" xml:lang="en-US">Lease liabilities</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_lbl" xml:lang="en-US">Net Assets acquired</link:label>
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      <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 in related party</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_2_lbl" xml:lang="en-US">Basic and diluted</link:label>
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      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_ProFormaSharesUsedToComputeNetIncomePerShare" xlink:label="SIEB_ProFormaSharesUsedToComputeNetIncomePerShare" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_2_lbl" xml:lang="en-US">Total Assets</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionsProFormaNetIncomeLoss_lbl" xml:lang="en-US">Net income / (loss)</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/label" xlink:label="us-gaap_ReceivablesFromBrokersDealersAndClearingOrganizationsAbstract_lbl" xml:lang="en-US">Receivables from and deposits with broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/label" xlink:label="us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations_lbl" xml:lang="en-US">DTCC / OCC / NSCC</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DueFromGoldmanSachs" xlink:label="SIEB_DueFromGoldmanSachs" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromGoldmanSachs" xlink:to="SIEB_DueFromGoldmanSachs_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromGoldmanSachs_lbl" xml:lang="en-US">Goldman Sachs</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DueFromPershingCapital" xlink:label="SIEB_DueFromPershingCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromPershingCapital" xlink:to="SIEB_DueFromPershingCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromPershingCapital_lbl" xml:lang="en-US">Pershing Capital</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesFailedToDeliver" xlink:label="us-gaap_SecuritiesFailedToDeliver" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesFailedToDeliver" xlink:to="us-gaap_SecuritiesFailedToDeliver_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesFailedToDeliver_lbl" xml:lang="en-US">Securities fail-to-deliver</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DueFromGlobalShares" xlink:label="SIEB_DueFromGlobalShares" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromGlobalShares" xlink:to="SIEB_DueFromGlobalShares_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromGlobalShares_lbl" xml:lang="en-US">Globalshares</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DueFromICBC" xlink:label="SIEB_DueFromICBC" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromICBC" xlink:to="SIEB_DueFromICBC_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueFromICBC_lbl" xml:lang="en-US">ICBC</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations" xlink:label="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations" xlink:to="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations_lbl" xml:lang="en-US">Total Receivables from and deposits with broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">Payables to broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DueToSecuritiesFailToReceive" xlink:label="SIEB_DueToSecuritiesFailToReceive" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToSecuritiesFailToReceive" xlink:to="SIEB_DueToSecuritiesFailToReceive_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DueToSecuritiesFailToReceive_lbl" xml:lang="en-US">Securities fail-to-receive</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent_lbl" xml:lang="en-US">Total Payables to broker-dealers and clearing organizations</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CapitalizedContractCostTable" xlink:label="us-gaap_CapitalizedContractCostTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostTable" xlink:to="us-gaap_CapitalizedContractCostTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostTable_lbl" xml:lang="en-US">Capitalized Contract Cost [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CapitalizedContractCostLineItems" xlink:label="us-gaap_CapitalizedContractCostLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CapitalizedContractCostLineItems" xlink:to="us-gaap_CapitalizedContractCostLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CapitalizedContractCostLineItems_lbl" xml:lang="en-US">Capitalized Contract Cost [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_InitialTermOfLicense" xlink:label="SIEB_InitialTermOfLicense" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InitialTermOfLicense" xlink:to="SIEB_InitialTermOfLicense_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_InitialTermOfLicense_lbl" xml:lang="en-US">Initial term of license</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="us-gaap_RelatedPartyTransactionAmountsOfTransaction_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction_lbl" xml:lang="en-US">Consideration paid</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_AnnualLicenseFees" xlink:label="SIEB_AnnualLicenseFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AnnualLicenseFees" xlink:to="SIEB_AnnualLicenseFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AnnualLicenseFees_lbl" xml:lang="en-US">Annual license fee</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued" xlink:to="us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_2_lbl" xml:lang="en-US">Restricted common stock issued to InvestCloud</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SaleOfStockPricePerShare" xlink:label="us-gaap_SaleOfStockPricePerShare" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleOfStockPricePerShare" xlink:to="us-gaap_SaleOfStockPricePerShare_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SaleOfStockPricePerShare_lbl" xml:lang="en-US">Per share price</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_RestrictedCommonStockIssuedToInvestCloudValue" xlink:label="SIEB_RestrictedCommonStockIssuedToInvestCloudValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RestrictedCommonStockIssuedToInvestCloudValue" xlink:to="SIEB_RestrictedCommonStockIssuedToInvestCloudValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_RestrictedCommonStockIssuedToInvestCloudValue_lbl" xml:lang="en-US">Value of restricted common stock issued to InvestCloud</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseOtherNoncurrent" xlink:to="us-gaap_PrepaidExpenseOtherNoncurrent_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PrepaidExpenseOtherNoncurrent_2_lbl" xml:lang="en-US">Prepaid asset - non-current</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_AmortizationPeriodOfPrepaidLicensingFees" xlink:label="SIEB_AmortizationPeriodOfPrepaidLicensingFees" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AmortizationPeriodOfPrepaidLicensingFees" xlink:to="SIEB_AmortizationPeriodOfPrepaidLicensingFees_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AmortizationPeriodOfPrepaidLicensingFees_lbl" xml:lang="en-US">Amortization period of prepaid licensing fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets" xlink:label="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets" xlink:to="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets_lbl" xml:lang="en-US">Amortization period of professional services prepaid assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueTable" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueTable" xlink:to="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueTable_lbl" xml:lang="en-US">Security Owned and Sold, Not yet Purchased, at Fair Value [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueLineItems" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueLineItems" xlink:to="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecurityOwnedAndSoldNotYetPurchasedAtFairValueLineItems_lbl" xml:lang="en-US">Security Owned and Sold, Not yet Purchased, at Fair Value [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsFairValueDisclosureAbstract" xlink:to="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsFairValueDisclosureAbstract_lbl" xml:lang="en-US">Assets</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsFairValueDisclosure" xlink:to="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndCashEquivalentsFairValueDisclosure_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesSegregatedUnderOtherRegulations" xlink:label="us-gaap_SecuritiesSegregatedUnderOtherRegulations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesSegregatedUnderOtherRegulations" xlink:to="us-gaap_SecuritiesSegregatedUnderOtherRegulations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesSegregatedUnderOtherRegulations_lbl" xml:lang="en-US">Segregated securities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesBorrowedFairValueDisclosure" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesBorrowedFairValueDisclosure" xlink:to="us-gaap_SecuritiesBorrowedFairValueDisclosure_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_SecuritiesBorrowedFairValueDisclosure_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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:to="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LiabilitiesFairValueDisclosureAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_lbl" xml:lang="en-US">Begining Balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3_lbl" xml:lang="en-US">Transfers out of level 3</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:to="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_2_lbl" xml:lang="en-US">Ending Balance</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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 occupancy expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">Commitment of lease</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseTermOfContract" xlink:label="us-gaap_LesseeOperatingLeaseTermOfContract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseTermOfContract" xlink:to="us-gaap_LesseeOperatingLeaseTermOfContract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseTermOfContract_lbl" xml:lang="en-US">Lease 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:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OperatingLeaseLiability" xlink:label="us-gaap_OperatingLeaseLiability" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OperatingLeaseLiability_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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 Rent and occupancy</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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">2020</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths" xlink:to="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_lbl" xml:lang="en-US">2021</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">2022</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">2023</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">2024</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingLeaseLiability" xlink:to="us-gaap_OperatingLeaseLiability_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingLeaseLiability_2_lbl" xml:lang="en-US">Lease liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable" xlink:to="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTable_lbl" xml:lang="en-US">Schedule of Finite-Lived Intangible Assets [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US">Finite-Lived Intangible Assets [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles" xlink:to="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles_lbl" xml:lang="en-US">Intangible assets - initial value</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTable" xlink:label="us-gaap_DebtInstrumentTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTable" xlink:to="us-gaap_DebtInstrumentTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US">Schedule of Long-term Debt Instruments [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentLineItems" xlink:label="us-gaap_DebtInstrumentLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentLineItems" xlink:to="us-gaap_DebtInstrumentLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentLineItems_lbl" xml:lang="en-US">Debt Instrument [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US">Maximum borrowing capacity under term loan</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentTerm" xlink:label="us-gaap_DebtInstrumentTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentTerm" xlink:to="us-gaap_DebtInstrumentTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTerm_lbl" xml:lang="en-US">Loan term</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LongTermDebtTerm" xlink:label="us-gaap_LongTermDebtTerm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtTerm" xlink:to="us-gaap_LongTermDebtTerm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtTerm_lbl" xml:lang="en-US">Repayment term</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xml:lang="en-US">Term loan interest rate description</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_OriginationFee" xlink:label="SIEB_OriginationFee" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_OriginationFee" xlink:to="SIEB_OriginationFee_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_OriginationFee_lbl" xml:lang="en-US">Origination fee</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_RatioOfIndebtednessToNetCapital1" xlink:label="us-gaap_RatioOfIndebtednessToNetCapital1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RatioOfIndebtednessToNetCapital1" xlink:to="us-gaap_RatioOfIndebtednessToNetCapital1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RatioOfIndebtednessToNetCapital1_lbl" xml:lang="en-US">Debt coverage ratio</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_MinimumNetWorthRequiredForCompliance" xlink:label="us-gaap_MinimumNetWorthRequiredForCompliance" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumNetWorthRequiredForCompliance" xlink:to="us-gaap_MinimumNetWorthRequiredForCompliance_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumNetWorthRequiredForCompliance_lbl" xml:lang="en-US">Amount of tangible net worth minimum</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_CapitalRatio" xlink:label="SIEB_CapitalRatio" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalRatio" xlink:to="SIEB_CapitalRatio_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CapitalRatio_lbl" xml:lang="en-US">Capital ratio</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentCovenantDescription" xlink:label="us-gaap_DebtInstrumentCovenantDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCovenantDescription" xlink:to="us-gaap_DebtInstrumentCovenantDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentCovenantDescription_lbl" xml:lang="en-US">Covenants description</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfLongTermDebt" xlink:to="us-gaap_ProceedsFromIssuanceOfLongTermDebt_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromIssuanceOfLongTermDebt_2_lbl" xml:lang="en-US">Proceeds from long-term debt</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestExpenseDebt" xlink:label="us-gaap_InterestExpenseDebt" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestExpenseDebt_lbl" xml:lang="en-US">Interest expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ScheduleOfShortTermDebtTable" xlink:label="us-gaap_ScheduleOfShortTermDebtTable" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShortTermDebtTable" xlink:to="us-gaap_ScheduleOfShortTermDebtTable_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShortTermDebtTable_lbl" xml:lang="en-US">Schedule of Short-term Debt [Table]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ShortTermDebtLineItems" xlink:label="us-gaap_ShortTermDebtLineItems" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermDebtLineItems" xlink:to="us-gaap_ShortTermDebtLineItems_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShortTermDebtLineItems_lbl" xml:lang="en-US">Short-term Debt [Line Items]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPayableCurrentAndNoncurrent" xlink:to="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestPayableCurrentAndNoncurrent_lbl" xml:lang="en-US">Interest payable</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_InterestRateOnLoanRenegotiatedPercentage" xlink:label="SIEB_InterestRateOnLoanRenegotiatedPercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InterestRateOnLoanRenegotiatedPercentage" xlink:to="SIEB_InterestRateOnLoanRenegotiatedPercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_InterestRateOnLoanRenegotiatedPercentage_lbl" xml:lang="en-US">Interest rate on loan renegotiated percentage</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_InterestRateOnLoanOriginalPercentage" xlink:label="SIEB_InterestRateOnLoanOriginalPercentage" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InterestRateOnLoanOriginalPercentage" xlink:to="SIEB_InterestRateOnLoanOriginalPercentage_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_InterestRateOnLoanOriginalPercentage_lbl" xml:lang="en-US">Interest rate on loan original percentage</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember" xlink:label="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember_lbl" xml:lang="en-US">4% due September 4, 2020 [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentIssuanceDate1" xlink:label="us-gaap_DebtInstrumentIssuanceDate1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentIssuanceDate1" xlink:to="us-gaap_DebtInstrumentIssuanceDate1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentIssuanceDate1_lbl" xml:lang="en-US">Issuance Date</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DebtInstrumentFaceAmount_lbl" xml:lang="en-US">Notes payable - related party</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_RevenueFromStockBorrowOrStockLoan" xlink:label="SIEB_RevenueFromStockBorrowOrStockLoan" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromStockBorrowOrStockLoan" xlink:to="SIEB_RevenueFromStockBorrowOrStockLoan_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_RevenueFromStockBorrowOrStockLoan_lbl" xml:lang="en-US">Stock borrow / stock loan</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_GrossRevenueFromStockBorrowOrStockLoan" xlink:label="SIEB_GrossRevenueFromStockBorrowOrStockLoan" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_GrossRevenueFromStockBorrowOrStockLoan" xlink:to="SIEB_GrossRevenueFromStockBorrowOrStockLoan_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_GrossRevenueFromStockBorrowOrStockLoan_lbl" xml:lang="en-US">Gross revenue from stock borrow/ Stock loan</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_ExpensesFromStockBorrowOrStockLoan" xlink:label="SIEB_ExpensesFromStockBorrowOrStockLoan" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpensesFromStockBorrowOrStockLoan" xlink:to="SIEB_ExpensesFromStockBorrowOrStockLoan_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ExpensesFromStockBorrowOrStockLoan_lbl" xml:lang="en-US">Expenses from stock borrow/stock loan</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherExpenses" xlink:label="us-gaap_OtherExpenses" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherExpenses" xlink:to="us-gaap_OtherExpenses_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherExpenses_lbl" xml:lang="en-US">Client expenses</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_OtherReceivablesNetCurrent" xlink:label="us-gaap_OtherReceivablesNetCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivablesNetCurrent" xlink:to="us-gaap_OtherReceivablesNetCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_OtherReceivablesNetCurrent_lbl" xml:lang="en-US">Other receivables</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_AccountsPayableAndOtherAccruedLiabilities" xlink:label="us-gaap_AccountsPayableAndOtherAccruedLiabilities" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableAndOtherAccruedLiabilities" xlink:to="us-gaap_AccountsPayableAndOtherAccruedLiabilities_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AccountsPayableAndOtherAccruedLiabilities_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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-20200930.xsd#SIEB_RevenueFromMarketMaking" xlink:label="SIEB_RevenueFromMarketMaking" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarketMaking" xlink:to="SIEB_RevenueFromMarketMaking_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="SIEB_RevenueFromMarketMaking_lbl" xml:lang="en-US">Market making</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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/verboseLabel" xlink:label="SIEB_AdvisoryFeesAndAdditionalIncome_lbl" xml:lang="en-US">Advisory fees</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_RevenuesFromTradingExecutionAndClearingServices" xlink:label="SIEB_RevenuesFromTradingExecutionAndClearingServices" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenuesFromTradingExecutionAndClearingServices" xlink:to="SIEB_RevenuesFromTradingExecutionAndClearingServices_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="SIEB_RevenuesFromTradingExecutionAndClearingServices_lbl" xml:lang="en-US">Total Trading Execution and Clearing Services</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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-20200930.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-20200930.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-20200930.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:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="us-gaap_InterestIncomeOther" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeOther" xlink:to="us-gaap_InterestIncomeOther_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_InterestIncomeOther_lbl" xml:lang="en-US">Interest income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_InterestAndOtherIncome" xlink:label="us-gaap_InterestAndOtherIncome" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndOtherIncome" xlink:to="us-gaap_InterestAndOtherIncome_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestAndOtherIncome_lbl" xml:lang="en-US">Total Other Income</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_IncomeTaxAuthorityAxis" xlink:label="us-gaap_IncomeTaxAuthorityAxis" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxAuthorityAxis" xlink:to="us-gaap_IncomeTaxAuthorityAxis_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxAuthorityAxis_lbl" xml:lang="en-US">Income Tax Authority [Axis]</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_StateAndLocalJurisdictionMember" xlink:label="us-gaap_StateAndLocalJurisdictionMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StateAndLocalJurisdictionMember" xlink:to="us-gaap_StateAndLocalJurisdictionMember_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StateAndLocalJurisdictionMember_lbl" xml:lang="en-US">State and Local Jurisdiction [Member]</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/verboseLabel" xlink:label="us-gaap_ProfitLoss_2_lbl" xml:lang="en-US">Income before provision for income taxes</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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">Statutory tax rate</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/label" xlink:label="us-gaap_DeferredFederalStateAndLocalTaxExpenseBenefit_lbl" xml:lang="en-US">Discrete tax expense</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" xlink:label="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease" xlink:to="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UnrecognizedTaxBenefitsPeriodIncreaseDecrease_lbl" xml:lang="en-US">Uncertain tax position</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne" xlink:label="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne" xlink:to="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne_lbl" xml:lang="en-US">Income tax refund expected in quarter one of 2021</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_4_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLoss_4_lbl" xml:lang="en-US">Net Income</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_NetCapital" xlink:label="srt_NetCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_NetCapital" xlink:to="srt_NetCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_NetCapital_lbl" xml:lang="en-US">Net capital</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/srt/2020/elts/srt-2020-01-31.xsd#srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:label="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1" xlink:to="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1_lbl" xml:lang="en-US">Minimum net capital required</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NetCapitalInExcessOfMinimumRequirement" xlink:to="SIEB_NetCapitalInExcessOfMinimumRequirement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_NetCapitalInExcessOfMinimumRequirement_lbl" xml:lang="en-US">Net capital in excess of minimum requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_PercentageOfAggregateDebitBalanceToNetCapital" xlink:label="SIEB_PercentageOfAggregateDebitBalanceToNetCapital" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfAggregateDebitBalanceToNetCapital" xlink:to="SIEB_PercentageOfAggregateDebitBalanceToNetCapital_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_PercentageOfAggregateDebitBalanceToNetCapital_lbl" xml:lang="en-US">Percentage of aggregate debit balance to net capital</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_Deposit" xlink:label="SIEB_Deposit" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_Deposit" xlink:to="SIEB_Deposit_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_Deposit_lbl" xml:lang="en-US">Deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashReserveDepositRequiredAndMade" xlink:label="us-gaap_CashReserveDepositRequiredAndMade" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashReserveDepositRequiredAndMade" xlink:to="us-gaap_CashReserveDepositRequiredAndMade_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashReserveDepositRequiredAndMade_lbl" xml:lang="en-US">Cash deposits</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_MinimumCashDepositsRequired" xlink:label="SIEB_MinimumCashDepositsRequired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MinimumCashDepositsRequired" xlink:to="SIEB_MinimumCashDepositsRequired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MinimumCashDepositsRequired_lbl" xml:lang="en-US">Minimum cash deposits required</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_DepositInDeficitOfMinimumRequired" xlink:label="SIEB_DepositInDeficitOfMinimumRequired" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DepositInDeficitOfMinimumRequired" xlink:to="SIEB_DepositInDeficitOfMinimumRequired_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_DepositInDeficitOfMinimumRequired_lbl" xml:lang="en-US">Deposit in deficit of minimum requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_CashDepositsInExcessOfMinimumRequirement" xlink:label="SIEB_CashDepositsInExcessOfMinimumRequirement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashDepositsInExcessOfMinimumRequirement" xlink:to="SIEB_CashDepositsInExcessOfMinimumRequirement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CashDepositsInExcessOfMinimumRequirement_lbl" xml:lang="en-US">Cash deposits in excess of minimum requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_SecuritiesReserveDepositRequiredAndMade" xlink:label="us-gaap_SecuritiesReserveDepositRequiredAndMade" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuritiesReserveDepositRequiredAndMade" xlink:to="us-gaap_SecuritiesReserveDepositRequiredAndMade_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SecuritiesReserveDepositRequiredAndMade_lbl" xml:lang="en-US">Fair value of Securities on Deposit</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_CashSegregatedUnderOtherRegulations" xlink:label="us-gaap_CashSegregatedUnderOtherRegulations" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashSegregatedUnderOtherRegulations" xlink:to="us-gaap_CashSegregatedUnderOtherRegulations_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashSegregatedUnderOtherRegulations_lbl" xml:lang="en-US">Segregated cash</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_MinimumCashDepositRequirement" xlink:label="SIEB_MinimumCashDepositRequirement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MinimumCashDepositRequirement" xlink:to="SIEB_MinimumCashDepositRequirement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_MinimumCashDepositRequirement_lbl" xml:lang="en-US">Minimum cash deposit requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_CashDepositsInDeficitOfMinimumRequirement" xlink:label="SIEB_CashDepositsInDeficitOfMinimumRequirement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashDepositsInDeficitOfMinimumRequirement" xlink:to="SIEB_CashDepositsInDeficitOfMinimumRequirement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_CashDepositsInDeficitOfMinimumRequirement_lbl" xml:lang="en-US">Cash deposits in deficit of minimum requirement</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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-20200930.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-20200930.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-20200930.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/2020/elts/us-gaap-2020-01-31.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="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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/2020/elts/us-gaap-2020-01-31.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:loc xlink:type="locator" xlink:href="sieb-20200930.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">Due from Stockcross to MSCO</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired_2_lbl" xml:lang="en-US">Percentage of entity acquired</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.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:loc xlink:type="locator" xlink:href="sieb-20200930.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/label" xlink:label="SIEB_ReceivablesFromRelatedPartiesBrokersDealersAndClearingOrganizationsFromStockCross_lbl" xml:lang="en-US">Receivable from StockCross</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments_2_lbl" xml:lang="en-US">Loss recognized from investment in acquired entity</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesAcquisitions" xlink:to="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesAcquisitions_2_lbl" xml:lang="en-US">Issuance of stock in merger</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_PaymentsForRent" xlink:label="us-gaap_PaymentsForRent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRent" xlink:to="us-gaap_PaymentsForRent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForRent_lbl" xml:lang="en-US">Office rent</link:label>
      <link:loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2020/elts/us-gaap-2020-01-31.xsd#us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity" xlink:to="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesEquity_lbl" xml:lang="en-US">Sale of private equity security</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_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-20200930.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:loc xlink:type="locator" xlink:href="sieb-20200930.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_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_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_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:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_KennedyCabotAcquisitionMember" xlink:label="SIEB_KennedyCabotAcquisitionMember" />
      <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:loc xlink:type="locator" xlink:href="sieb-20200930.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_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:loc xlink:type="locator" xlink:href="sieb-20200930.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: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_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:loc xlink:type="locator" xlink:href="sieb-20200930.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_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_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:loc xlink:type="locator" xlink:href="sieb-20200930.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-20200930.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_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:loc xlink:type="locator" xlink:href="sieb-20200930.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_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_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_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_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: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_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:loc xlink:type="locator" xlink:href="sieb-20200930.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:loc xlink:type="locator" xlink:href="sieb-20200930.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_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_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_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_SiebertMember" xlink:to="SIEB_SiebertMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SiebertMember_doc" xml:lang="en-US">Sibert [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.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_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_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_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_PayablesToNoncustomers" xlink:to="SIEB_PayablesToNoncustomers_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PayablesToNoncustomers_doc" xml:lang="en-US">Payables to non-customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MarketMakingIncome" xlink:to="SIEB_MarketMakingIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MarketMakingIncome_doc" xml:lang="en-US">Market making income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockLoanIncome" xlink:to="SIEB_StockLoanIncome_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockLoanIncome_doc" xml:lang="en-US">Stock borrow / stock loan income.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReferralFees" xlink:to="SIEB_ReferralFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReferralFees_doc" xml:lang="en-US">Referral fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInPayablesToNonCustomers" xlink:to="SIEB_IncreaseDecreaseInPayablesToNonCustomers_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IncreaseDecreaseInPayablesToNonCustomers_doc" xml:lang="en-US">The change during the period, either increase or decrease, in amounts payable to non customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInDraftsPayable" xlink:to="SIEB_IncreaseDecreaseInDraftsPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IncreaseDecreaseInDraftsPayable_doc" xml:lang="en-US">Increase decrease in draft payable.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncreaseDecreaseInLeaseLiabilities" xlink:to="SIEB_IncreaseDecreaseInLeaseLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IncreaseDecreaseInLeaseLiabilities_doc" xml:lang="en-US">The increase (decrease) during the reporting period in lease liabilities.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod" xlink:to="SIEB_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod_doc" xml:lang="en-US">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_StockCrossFinancialServicesIncMember" xlink:label="SIEB_StockCrossFinancialServicesIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossFinancialServicesIncMember" xlink:to="SIEB_StockCrossFinancialServicesIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossFinancialServicesIncMember_doc" xml:lang="en-US">StockCross Financial Services, Inc. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_SiebertTechnologiesLlcMember" xlink:label="SIEB_SiebertTechnologiesLlcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SiebertTechnologiesLlcMember" xlink:to="SIEB_SiebertTechnologiesLlcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SiebertTechnologiesLlcMember_doc" xml:lang="en-US">Siebert Technologies, LLC. [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_ParkWilshireCompaniesIncMember" xlink:label="SIEB_ParkWilshireCompaniesIncMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ParkWilshireCompaniesIncMember" xlink:to="SIEB_ParkWilshireCompaniesIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ParkWilshireCompaniesIncMember_doc" xml:lang="en-US">Park Wilshire Companies, Inc.[Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WeedenPrimeServicesLLCMember" xlink:to="SIEB_WeedenPrimeServicesLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_WeedenPrimeServicesLLCMember_doc" xml:lang="en-US">Weeden Prime Services LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_NFSMember" xlink:to="SIEB_NFSMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_NFSMember_doc" xml:lang="en-US">NFS [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_GoldmanSachsMember" xlink:to="SIEB_GoldmanSachsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_GoldmanSachsMember_doc" xml:lang="en-US">Goldman Sachs [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PershingMember" xlink:to="SIEB_PershingMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PershingMember_doc" xml:lang="en-US">Pershing [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock" xlink:to="SIEB_CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy for cash and securities segregated for regulatory purposes.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromAndPayablesToCustomersPolicyTextBlock" xlink:to="SIEB_ReceivablesFromAndPayablesToCustomersPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivablesFromAndPayablesToCustomersPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy for receivables from and payables to customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock" xlink:to="SIEB_ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy for receivables from and payables to broker-dealers and clearing organizations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PayablesToNoncustomersPolicyTextBlock" xlink:to="SIEB_PayablesToNoncustomersPolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PayablesToNoncustomersPolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy for payables to non-customers.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SecuritiesSoldNotYetPurchasedAtFairValuePolicyTextBlock" xlink:to="SIEB_SecuritiesSoldNotYetPurchasedAtFairValuePolicyTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SecuritiesSoldNotYetPurchasedAtFairValuePolicyTextBlock_doc" xml:lang="en-US">Disclosure of accounting policy for securities sold, not yet purchased, at fair value.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_UnitInvestmentTrustsMember" xlink:label="SIEB_UnitInvestmentTrustsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_UnitInvestmentTrustsMember" xlink:to="SIEB_UnitInvestmentTrustsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_UnitInvestmentTrustsMember_doc" xml:lang="en-US">Unit investment trusts [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockCrossMergedWithMSCOMember" xlink:to="SIEB_StockCrossMergedWithMSCOMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossMergedWithMSCOMember_doc" xml:lang="en-US">When StockCross Merged with MSCO [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPMember" xlink:to="SIEB_WPMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_WPMember_doc" xml:lang="en-US">WP [Member]</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_BorrowedFromGloriaEGebbiMember" xlink:label="SIEB_BorrowedFromGloriaEGebbiMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BorrowedFromGloriaEGebbiMember" xlink:to="SIEB_BorrowedFromGloriaEGebbiMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BorrowedFromGloriaEGebbiMember_doc" xml:lang="en-US">Borrowed from Gloria E. Gebbi [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations_doc" xml:lang="en-US">Cash segregated under federal regulations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers_doc" xml:lang="en-US">Amount due from customers at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables_doc" xml:lang="en-US">Other amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed_doc" xml:lang="en-US">The amount of securities borrowed recognized as of the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue_doc" xml:lang="en-US">The amount of securities owned fair value recognized as of the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets_doc" xml:lang="en-US">The amount of lease right of use assets recognized as of the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer_doc" xml:lang="en-US">Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables to non customers, assumed at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable_doc" xml:lang="en-US">Amount of liabilities incurred for drafts payable, assumed at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations_doc" xml:lang="en-US">Amount of payables to broker-dealers and clearing organizations assumed at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities_doc" xml:lang="en-US">Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables and accrued liabilities, assumed at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned" xlink:to="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned_doc" xml:lang="en-US">Amount of securities loaned, assumed at the acquisition date.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProFormaAdjustmentsMember" xlink:to="SIEB_ProFormaAdjustmentsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProFormaAdjustmentsMember_doc" xml:lang="en-US">Pro Forma Adjustments [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CombinedSiebertMember" xlink:to="SIEB_CombinedSiebertMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CombinedSiebertMember_doc" xml:lang="en-US">Combined Siebert [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProFormaSharesUsedToComputeNetIncomePerShare" xlink:to="SIEB_ProFormaSharesUsedToComputeNetIncomePerShare_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProFormaSharesUsedToComputeNetIncomePerShare_doc" xml:lang="en-US">Pro forma shares used to compute net income per share.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromGoldmanSachs" xlink:to="SIEB_DueFromGoldmanSachs_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromGoldmanSachs_doc" xml:lang="en-US">Due from Goldman Sachs.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromPershingCapital" xlink:to="SIEB_DueFromPershingCapital_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromPershingCapital_doc" xml:lang="en-US">Amount receivable from pershing capital.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromGlobalShares" xlink:to="SIEB_DueFromGlobalShares_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromGlobalShares_doc" xml:lang="en-US">Due from globalshares.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueFromICBC" xlink:to="SIEB_DueFromICBC_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueFromICBC_doc" xml:lang="en-US">Due from ICBC.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DueToSecuritiesFailToReceive" xlink:to="SIEB_DueToSecuritiesFailToReceive_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DueToSecuritiesFailToReceive_doc" xml:lang="en-US">Amount payable to securities fail to receive.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock" xlink:to="SIEB_ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock_doc" xml:lang="en-US">Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized income and expenses.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_PromissoryNoteMember" xlink:label="SIEB_PromissoryNoteMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PromissoryNoteMember" xlink:to="SIEB_PromissoryNoteMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PromissoryNoteMember_doc" xml:lang="en-US">Promissory Note [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember_doc" xml:lang="en-US">4% due December 2, 2020 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember_doc" xml:lang="en-US">4% due November 30, 2020 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SubordinatedToMscoMember" xlink:to="SIEB_SubordinatedToMscoMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SubordinatedToMscoMember_doc" xml:lang="en-US">Subordinated to MSCO [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember" xlink:to="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_FourPercentageDueSeptemberSecondTwoThousandsTwentyMember_doc" xml:lang="en-US">4% due September 4, 2020 [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenuesFromTradingExecutionAndClearingServices" xlink:to="SIEB_RevenuesFromTradingExecutionAndClearingServices_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenuesFromTradingExecutionAndClearingServices_doc" xml:lang="en-US">Trading Execution and Clearing Services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromMarketMaking" xlink:to="SIEB_RevenueFromMarketMaking_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromMarketMaking_doc" xml:lang="en-US">Revenue from market making.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RevenueFromStockBorrowOrStockLoan" xlink:to="SIEB_RevenueFromStockBorrowOrStockLoan_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RevenueFromStockBorrowOrStockLoan_doc" xml:lang="en-US">Revenue from stock borrow or stock loan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_GrossRevenueFromStockBorrowOrStockLoan" xlink:to="SIEB_GrossRevenueFromStockBorrowOrStockLoan_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_GrossRevenueFromStockBorrowOrStockLoan_doc" xml:lang="en-US">Gross revenue from stock borrow/ Stock loan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ExpensesFromStockBorrowOrStockLoan" xlink:to="SIEB_ExpensesFromStockBorrowOrStockLoan_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ExpensesFromStockBorrowOrStockLoan_doc" xml:lang="en-US">Expenses from stock borrow/stock loan.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ReferralFeesDisclosureTextBlock" xlink:to="SIEB_ReferralFeesDisclosureTextBlock_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ReferralFeesDisclosureTextBlock_doc" xml:lang="en-US">The entire disclosure of referral fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfAggregateDebitBalanceToNetCapital" xlink:to="SIEB_PercentageOfAggregateDebitBalanceToNetCapital_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOfAggregateDebitBalanceToNetCapital_doc" xml:lang="en-US">Percentage of aggregate debit balance to net capital.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MinimumCashDepositsRequired" xlink:to="SIEB_MinimumCashDepositsRequired_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MinimumCashDepositsRequired_doc" xml:lang="en-US">Minimum cash deposits required.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashDepositsInExcessOfMinimumRequirement" xlink:to="SIEB_CashDepositsInExcessOfMinimumRequirement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CashDepositsInExcessOfMinimumRequirement_doc" xml:lang="en-US">Cash deposits in excess of minimum requirement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SpecialReserveAccountMember" xlink:to="SIEB_SpecialReserveAccountMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SpecialReserveAccountMember_doc" xml:lang="en-US">Special Reserve Account [Member]</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_StockCrossShareholdersMember" xlink:to="SIEB_StockCrossShareholdersMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockCrossShareholdersMember_doc" xml:lang="en-US">StockCross Shareholders [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_GebbiaSullivanCountyLandTrustMember" xlink:to="SIEB_GebbiaSullivanCountyLandTrustMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_GebbiaSullivanCountyLandTrustMember_doc" xml:lang="en-US">Gebbia Sullivan County Land Trust [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_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_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="SIEB_TechnologyAndCommunications" xlink:to="SIEB_TechnologyAndCommunications_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TechnologyAndCommunications_doc" xml:lang="en-US">The amount of expense in the period for communications and data processing expense.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations" xlink:to="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations_doc" xml:lang="en-US">Total Receivables from and deposits with broker-dealers and clearing organizations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations" xlink:to="SIEB_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations_doc" xml:lang="en-US">Deposits with and other non current receivables from broker-dealers and clearing organizations.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_DepositInDeficitOfMinimumRequired" xlink:to="SIEB_DepositInDeficitOfMinimumRequired_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_DepositInDeficitOfMinimumRequired_doc" xml:lang="en-US">Deposit in deficit of minimum requirement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_StockholdersEquityTotal" xlink:to="SIEB_StockholdersEquityTotal_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_StockholdersEquityTotal_doc" xml:lang="en-US">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.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PrepaidServiceContractNoncurrent" xlink:to="SIEB_PrepaidServiceContractNoncurrent_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PrepaidServiceContractNoncurrent_doc" xml:lang="en-US">Prepaid service contract non-current.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_WPWPSAcquisitionsMember" xlink:label="SIEB_WPWPSAcquisitionsMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPWPSAcquisitionsMember" xlink:to="SIEB_WPWPSAcquisitionsMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_WPWPSAcquisitionsMember_doc" xml:lang="en-US">WP to WPS Acquisitions [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InvestCloudIncMember" xlink:to="SIEB_InvestCloudIncMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InvestCloudIncMember_doc" xml:lang="en-US">InvestCloud, Inc [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_ProfessionalServicesMember" xlink:to="SIEB_ProfessionalServicesMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_ProfessionalServicesMember_doc" xml:lang="en-US">Professional Services [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InitialTermOfLicense" xlink:to="SIEB_InitialTermOfLicense_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InitialTermOfLicense_doc" xml:lang="en-US">Initial term of license.</link:label>
      <link:loc xlink:type="locator" xlink:href="sieb-20200930.xsd#SIEB_WPWPSAcquisitionsLlcMember" xlink:label="SIEB_WPWPSAcquisitionsLlcMember" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPWPSAcquisitionsLlcMember" xlink:to="SIEB_WPWPSAcquisitionsLlcMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_WPWPSAcquisitionsLlcMember_doc" xml:lang="en-US">WP to WPS Acquisitions, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_Deposit" xlink:to="SIEB_Deposit_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_Deposit_doc" xml:lang="en-US">Deposit in special reserve account.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InterestRateOnLoanRenegotiatedPercentage" xlink:to="SIEB_InterestRateOnLoanRenegotiatedPercentage_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InterestRateOnLoanRenegotiatedPercentage_doc" xml:lang="en-US">Interest rate on loan renegotiated percentage.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_PercentageOfRemainingInterestInStockCrossPurchased" xlink:to="SIEB_PercentageOfRemainingInterestInStockCrossPurchased_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_PercentageOfRemainingInterestInStockCrossPurchased_doc" xml:lang="en-US">Percentage of remaining interest in StockCross purchased.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EstimatedEffectiveTaxRate" xlink:to="SIEB_EstimatedEffectiveTaxRate_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_EstimatedEffectiveTaxRate_doc" xml:lang="en-US">Estimated effective tax rate.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AnnualLicenseFees" xlink:to="SIEB_AnnualLicenseFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AnnualLicenseFees_doc" xml:lang="en-US">Annual license fee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AmortizationPeriodOfPrepaidLicensingFees" xlink:to="SIEB_AmortizationPeriodOfPrepaidLicensingFees_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AmortizationPeriodOfPrepaidLicensingFees_doc" xml:lang="en-US">Amortization period of prepaid licensing fees.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets" xlink:to="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_AmortizationPeriodOfProfessionalServicesPrepaidAssets_doc" xml:lang="en-US">Amortization period of professional services prepaid assets.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_RestrictedCommonStockIssuedToInvestCloudValue" xlink:to="SIEB_RestrictedCommonStockIssuedToInvestCloudValue_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_RestrictedCommonStockIssuedToInvestCloudValue_doc" xml:lang="en-US">Value of restricted common stock issued to InvestCloud.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_WPSPrimeServicesLLCMember" xlink:to="SIEB_WPSPrimeServicesLLCMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_WPSPrimeServicesLLCMember_doc" xml:lang="en-US">WPS Prime Services, LLC [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_LoanAndSecurityAgreementMember" xlink:to="SIEB_LoanAndSecurityAgreementMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_LoanAndSecurityAgreementMember_doc" xml:lang="en-US">Loan and Security Agreement [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_EastWestBankMember" xlink:to="SIEB_EastWestBankMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_EastWestBankMember_doc" xml:lang="en-US">East West Bank [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_TermLoanMember" xlink:to="SIEB_TermLoanMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_TermLoanMember_doc" xml:lang="en-US">Term Loan [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_OriginationFee" xlink:to="SIEB_OriginationFee_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_OriginationFee_doc" xml:lang="en-US">Origination fee.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CapitalRatio" xlink:to="SIEB_CapitalRatio_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_CapitalRatio_doc" xml:lang="en-US">Capital ratio.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_UnrelatedPartyMember" xlink:to="SIEB_UnrelatedPartyMember_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_UnrelatedPartyMember_doc" xml:lang="en-US">Unrelated party [Member]</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne" xlink:to="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne_doc" xml:lang="en-US">Income tax refund expected in quarter one of 2021</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_SharesIssuedForPaymentOfProfessionalServices" xlink:to="SIEB_SharesIssuedForPaymentOfProfessionalServices_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_SharesIssuedForPaymentOfProfessionalServices_doc" xml:lang="en-US">Shares issued for payment of professional services.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_InterestRateOnLoanOriginalPercentage" xlink:to="SIEB_InterestRateOnLoanOriginalPercentage_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_InterestRateOnLoanOriginalPercentage_doc" xml:lang="en-US">Interest rate on loan original percentage.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_MinimumCashDepositRequirement" xlink:to="SIEB_MinimumCashDepositRequirement_doc" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="SIEB_MinimumCashDepositRequirement_doc" xml:lang="en-US">Minimum cash deposit requirement.</link:label>
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="SIEB_CashDepositsInDeficitOfMinimumRequirement" xlink:to="SIEB_CashDepositsInDeficitOfMinimumRequirement_doc" xlink:type="arc" />
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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_2_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsForSoftware_2_lbl" xml:lang="en-US">Payments for Software</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="SIEB_ReferralFeesDisclosureTextBlock_3_lbl" xml:lang="en-US">ReferralFeesDisclosureTextBlock</link:label>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092061294424">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Document and Entity Information - shares<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
<th class="th" colspan="1"></th>
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<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Nov. 16, 2020</div></th>
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<td class="text">&#160;<span></span>
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<td class="text">SIEBERT FINANCIAL CORP<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">0000065596<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">10-Q<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">Sep. 30,  2020<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">false<span></span>
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<td class="text">--12-31<span></span>
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<td class="text">&#160;<span></span>
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<td class="text">Non-accelerated Filer<span></span>
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<td class="text">&#160;<span></span>
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</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_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">true<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_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<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_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,953,710<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_dei_DocumentFiscalPeriodFocus', window );">Document Fiscal Period Focus</a></td>
<td class="text">Q3<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_dei_DocumentFiscalYearFocus', window );">Document Fiscal Year Focus</a></td>
<td class="text">2020<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_dei_EntityShellCompany', window );">Entity Shell Company</a></td>
<td class="text">false<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_dei_EntityCurrentReportingStatus', window );">Entity Current Reporting Status</a></td>
<td class="text">Yes<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_dei_EntityInteractiveDataCurrent', window );">Entity Interactive Data Current</a></td>
<td class="text">Yes<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_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">0-5703<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_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation State or Country Code</a></td>
<td class="text">NY<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_DocumentAndEntityInformationAbstract">
<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_DocumentAndEntityInformationAbstract</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_dei_AmendmentFlag">
<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>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</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_AmendmentFlag</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_CurrentFiscalYearEndDate">
<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>End date of current fiscal year in the format --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_CurrentFiscalYearEndDate</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:gMonthDayItemType</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_DocumentFiscalPeriodFocus">
<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>Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.</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_DocumentFiscalPeriodFocus</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:fiscalPeriodItemType</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_DocumentFiscalYearFocus">
<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 is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</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_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 YYYY-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_EntityCurrentReportingStatus">
<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 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. 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>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_EntityCurrentReportingStatus</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:yesNoItemType</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_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_EntityFileNumber">
<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>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</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_EntityFileNumber</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:fileNumberItemType</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: Large Accelerated Filer, Accelerated Filer, Non-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_EntityIncorporationStateCountryCode">
<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>Two-character EDGAR code representing the state or country of incorporation.</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_EntityIncorporationStateCountryCode</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:edgarStateCountryItemType</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_EntityInteractiveDataCurrent">
<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>Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).</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 S-T<br> -Number 232<br> -Section 405<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_EntityInteractiveDataCurrent</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:yesNoItemType</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_EntityShellCompany">
<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>Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.</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_EntityShellCompany</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_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 (SRC).</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">
							function toggleNextSibling (e) {
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092058419672">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 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_AssetsCurrentAbstract', window );"><strong>Current assets</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 4,536,000<span></span>
</td>
<td class="nump">$ 4,670,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">263,980,000<span></span>
</td>
<td class="nump">224,924,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">91,842,000<span></span>
</td>
<td class="nump">86,331,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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 broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,312,000<span></span>
</td>
<td class="nump">3,524,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">873,000<span></span>
</td>
<td class="nump">762,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,444,000<span></span>
</td>
<td class="nump">970,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,757,000<span></span>
</td>
<td class="nump">193,529,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,480,000<span></span>
</td>
<td class="nump">3,018,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">653,224,000<span></span>
</td>
<td class="nump">517,728,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,094,000<span></span>
</td>
<td class="nump">4,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PrepaidExpenseOtherNoncurrent', window );">Prepaid service contract - non-current</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,890,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">850,000<span></span>
</td>
<td class="nump">1,150,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,503,000<span></span>
</td>
<td class="nump">1,888,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,813,000<span></span>
</td>
<td class="nump">3,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,239,000<span></span>
</td>
<td class="nump">5,388,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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 );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">850,000<span></span>
</td>
<td class="nump">1,022,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,989,000<span></span>
</td>
<td class="nump">1,989,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">673,452,000<span></span>
</td>
<td class="nump">538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LiabilitiesCurrentAbstract', window );"><strong>Current liabilities</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">342,156,000<span></span>
</td>
<td class="nump">308,091,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,346,000<span></span>
</td>
<td class="nump">8,063,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,635,000<span></span>
</td>
<td class="nump">2,834,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">356,000<span></span>
</td>
<td class="nump">523,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,754,000<span></span>
</td>
<td class="nump">2,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">266,777,000<span></span>
</td>
<td class="nump">170,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">25,000<span></span>
</td>
<td class="nump">116,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_NotesPayableRelatedPartiesClassifiedCurrent', window );">Current portion of notes payable - related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,000,000<span></span>
</td>
<td class="nump">8,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,633,000<span></span>
</td>
<td class="nump">2,227,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LongTermDebtCurrent', window );">Current portion of long-term debt</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">997,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">628,679,000<span></span>
</td>
<td class="nump">502,750,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,548,000<span></span>
</td>
<td class="nump">2,182,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_NotesPayableRelatedPartiesNoncurrent', window );">Notes payable - related party, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,000,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LongTermDebtNoncurrent', window );">Long-term debt, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,907,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">637,134,000<span></span>
</td>
<td class="nump">504,932,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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; 100 million shares authorized; 30,653,710 and 30,459,804 shares issued and outstanding as of September 30, 2020 and December 31, 2019, respectively</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">306,000<span></span>
</td>
<td class="nump">304,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21,022,000<span></span>
</td>
<td class="nump">19,897,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14,990,000<span></span>
</td>
<td class="nump">12,934,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">36,318,000<span></span>
</td>
<td class="nump">33,135,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 673,452,000<span></span>
</td>
<td class="nump">$ 538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Shares outstanding as of December 31, 2019 represents the combined total of the Company's shares outstanding and the shares issued for the Company's acquisition of StockCross. See "Note 1 - Organization and Basis of Presentation" for additional detail.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_PayablesToNoncustomers">
<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>Payables to non-customers.</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_PayablesToNoncustomers</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_srt_DraftsPayable">
<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 draft payable by 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_DraftsPayable</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_PayablesToBrokerDealersAndClearingOrganizations">
<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 other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable.</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_PayablesToBrokerDealersAndClearingOrganizations</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_PayablesToCustomers">
<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 customer by 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_PayablesToCustomers</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_AccountsPayableAndAccruedLiabilitiesCurrent">
<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 and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</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 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_AccountsPayableAndAccruedLiabilitiesCurrent</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=120391452&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=120398452&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 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&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 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://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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: 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 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: 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 (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: 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=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: 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=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: 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 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<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>
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<td><strong> Data Type:</strong></td>
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<tr>
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<td><strong> Period Type:</strong></td>
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</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
<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 expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). 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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6801-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 5: 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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: 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 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 7: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 8: 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> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<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_AssetsCurrent</td>
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<td><strong> Period Type:</strong></td>
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</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_AssetsCurrentAbstract">
<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_AssetsCurrentAbstract</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period 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_CapitalizedComputerSoftwareNet">
<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 carrying amount of capitalized computer software costs net of accumulated amortization 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 985<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<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_CapitalizedComputerSoftwareNet</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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<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>
</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=121586364&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=121566466&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=120391452&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>
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<td><strong> Period Type:</strong></td>
<td>instant</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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations">
<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 subject to withdrawal restrictions, restricted deposits held as compensating balances, and cash and securities segregated in compliance with regulations (such as cash deposited in a special reserve account for the exclusive benefit of customers).</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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations</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>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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</table>
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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 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=120391452&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=120400017&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=120398452&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=121557415&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>
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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>
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<tr>
<td><strong> Period Type:</strong></td>
<td>instant</td>
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</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=120391452&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>
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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>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_DeferredIncomeTaxAssetsNet">
<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.</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 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=120406818&amp;loc=d3e31931-109318<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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=120406818&amp;loc=d3e31917-109318<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_DeferredIncomeTaxAssetsNet</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_DepositsAssetsNoncurrent">
<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 of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_DepositsAssetsNoncurrent</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_Goodwill">
<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 impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</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 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120320667&amp;loc=SL49117168-202975<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13770-109266<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_Goodwill</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_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_InterestPayableCurrent">
<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 [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within 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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e7018-107765<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 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6935-107765<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 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_InterestPayableCurrent</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://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 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<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 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: 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 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 8: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<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_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://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<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 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=120398452&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)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: 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=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<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></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_LiabilitiesCurrent">
<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 obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business 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://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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 4: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: 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 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: 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 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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_LiabilitiesCurrent</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_LiabilitiesCurrentAbstract">
<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_LiabilitiesCurrentAbstract</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_LongTermDebtCurrent">
<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 unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_LongTermDebtCurrent</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_LongTermDebtNoncurrent">
<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 unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.22)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_LongTermDebtNoncurrent</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_NotesPayableRelatedPartiesClassifiedCurrent">
<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 for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within 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 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<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=120395691&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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a)(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_NotesPayableRelatedPartiesClassifiedCurrent</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_NotesPayableRelatedPartiesNoncurrent">
<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 for notes payable (written promise to pay), payable to related parties, which are due after one year (or one business cycle).</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> -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 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=120395691&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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.23)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_NotesPayableRelatedPartiesNoncurrent</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_OperatingLeaseLiabilityCurrent">
<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, classified as current.</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=121603541&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_OperatingLeaseLiabilityCurrent</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_OperatingLeaseLiabilityNoncurrent">
<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, 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://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=121603541&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_OperatingLeaseLiabilityNoncurrent</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=121603541&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=120391452&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_PrepaidExpenseAndOtherAssetsCurrent">
<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 that are expected to be realized or consumed 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&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(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_PrepaidExpenseAndOtherAssetsCurrent</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_PrepaidExpenseOtherNoncurrent">
<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 amounts paid in advance which will be charged against earnings in periods after one year or beyond the 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6812-107765<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_PrepaidExpenseOtherNoncurrent</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=120391452&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=120400017&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=120391452&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 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>
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<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_ReceivablesFromCustomers">
<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 customers for fees and charges arising from transactions related to the entity's brokerage activities and 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/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 310<br> -URI http://asc.fasb.org/subtopic&amp;trid=2176284<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_ReceivablesFromCustomers</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:monetaryItemType</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>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=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<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)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 5: 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=120397183&amp;loc=d3e187085-122770<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<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>
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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>xbrli:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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</tr>
</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_SecuritiesBorrowed">
<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 the effects of master netting arrangements, of securities borrowed from entities in exchange for collateral. Includes assets not subject to a master netting arrangement and not elected to be offset.</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 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<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 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<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_SecuritiesBorrowed</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>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_SecuritiesLoaned">
<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 the effects of master netting arrangements, of securities loaned to entities in exchange for collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</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 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<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 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<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 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<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_SecuritiesLoaned</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:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
<td>credit</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned">
<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>Fair value of financial instruments held by a broker-dealer for their own account (proprietary securities) for trading or investment purposes determined by management based upon quoted prices of a financial instrument with similar characteristics or on a valuation technique or model.</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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned</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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<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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased">
<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>Fair value of financial instruments sold short by a broker-dealer for their own account (proprietary securities) for trading or investment purposes determined by management based upon quoted prices of a financial instrument with similar characteristics or on a valuation technique or model.</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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased</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:monetaryItemType</td>
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<td><strong> Balance Type:</strong></td>
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<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://www.xbrl.org/2009/role/commonPracticeRef<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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&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 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 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(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: 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=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<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 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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>
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<td><strong> Period Type:</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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092167631256">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) (Parenthetical) - $ / shares<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 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_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">100,000,000<span></span>
</td>
<td class="nump">100,000,000<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">30,653,710<span></span>
</td>
<td class="nump">30,459,804<span></span>
</td>
</tr>
<tr class="re">
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<td class="nump">30,653,710<span></span>
</td>
<td class="nump">30,459,804<span></span>
</td>
</tr>
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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>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=120391452&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=120391452&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=120391452&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=120391452&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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092058052632">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="6">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Jun. 30, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">$ 4,679,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,149,000<span></span>
</td>
<td class="nump">$ 7,132,000<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_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,311,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,912,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,730,000<span></span>
</td>
<td class="nump">11,161,000<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">2,342,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,327,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,126,000<span></span>
</td>
<td class="nump">6,138,000<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 );">Interest income</a></td>
<td class="nump">915,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,061,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,155,000<span></span>
</td>
<td class="nump">3,417,000<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_MarketMakingIncome', window );">Market making</a></td>
<td class="nump">423,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">330,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,508,000<span></span>
</td>
<td class="nump">1,303,000<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_StockLoanIncome', window );">Stock borrow / stock loan</a></td>
<td class="nump">1,267,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,482,000<span></span>
</td>
<td class="nump">1,353,000<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_AdvisoryFeesRevenue', window );">Advisory fees</a></td>
<td class="nump">305,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">810,000<span></span>
</td>
<td class="nump">572,000<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_OtherIncome', window );">Other income</a></td>
<td class="nump">333,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">290,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,035,000<span></span>
</td>
<td class="nump">633,000<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_Revenues', window );">Total Revenue</a></td>
<td class="nump">12,575,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,753,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,995,000<span></span>
</td>
<td class="nump">31,709,000<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_OperatingExpensesAbstract', window );"><strong>Expenses</strong></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>
<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 " 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">6,584,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,809,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,489,000<span></span>
</td>
<td class="nump">13,812,000<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_FloorBrokerageExchangeAndClearanceFees', window );">Clearing fees, including execution costs</a></td>
<td class="nump">1,270,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">798,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,907,000<span></span>
</td>
<td class="nump">2,325,000<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_TechnologyAndCommunications', window );">Technology and communications</a></td>
<td class="nump">1,322,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">441,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,256,000<span></span>
</td>
<td class="nump">1,264,000<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_OtherGeneralAndAdministrativeExpense', window );">Other general and administrative</a></td>
<td class="nump">455,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">868,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,710,000<span></span>
</td>
<td class="nump">2,787,000<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_InformationTechnologyAndDataProcessing', window );">Data processing</a></td>
<td class="nump">784,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">527,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,387,000<span></span>
</td>
<td class="nump">1,487,000<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_OccupancyNet', window );">Rent and occupancy</a></td>
<td class="nump">694,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">630,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,119,000<span></span>
</td>
<td class="nump">1,754,000<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_ProfessionalFees', window );">Professional fees</a></td>
<td class="nump">760,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">783,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,159,000<span></span>
</td>
<td class="nump">2,568,000<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">368,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">244,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,193,000<span></span>
</td>
<td class="nump">689,000<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_ReferralFees', window );">Referral fees</a></td>
<td class="nump">154,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">427,000<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_InterestExpense', window );">Interest expense</a></td>
<td class="nump">89,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">253,000<span></span>
</td>
<td class="nump">84,000<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_OperatingExpenses', window );">Total Expenses</a></td>
<td class="nump">12,480,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,900,000<span></span>
</td>
<td class="nump">26,770,000<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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</a></td>
<td class="nump">95,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,622,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,095,000<span></span>
</td>
<td class="nump">4,939,000<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_IncomeTaxExpenseBenefit', window );">Provision (benefit) for (from) income taxes</a></td>
<td class="num">(486,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,000<span></span>
</td>
<td class="nump">1,365,000<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_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 581,000<span></span>
</td>
<td class="nump">$ 499,000<span></span>
</td>
<td class="nump">$ 976,000<span></span>
</td>
<td class="nump">$ 1,273,000<span></span>
</td>
<td class="nump">$ 1,079,000<span></span>
</td>
<td class="nump">$ 1,224,000<span></span>
</td>
<td class="nump">$ 2,056,000<span></span>
</td>
<td class="nump">$ 3,574,000<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_EarningsPerShareBasicAndDiluted', window );">Net income per share of common stock Basic and diluted</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="nump">$ 0.12<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_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Weighted average shares outstanding Basic and diluted</a></td>
<td class="nump">30,653,710<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,455,962<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,565,822<span></span>
</td>
<td class="nump">30,455,962<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_MarketMakingIncome">
<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>Market making 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_MarketMakingIncome</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_ReferralFees">
<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>Referral 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_ReferralFees</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_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_StockLoanIncome">
<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>Stock borrow / stock loan 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_StockLoanIncome</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_TechnologyAndCommunications">
<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>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_TechnologyAndCommunications</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_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=121586364&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=121326447&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_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 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<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 (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&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 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=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: 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=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<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(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<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_InformationTechnologyAndDataProcessing">
<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 expenses incurred in the period for information technology and data processing products and services.</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 210.5-03.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&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_InformationTechnologyAndDataProcessing</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>
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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_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=120399700&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_InterestExpense">
<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 the cost of borrowed funds accounted for as interest 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 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<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 (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&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 (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: 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 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&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_InterestExpense</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_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=120395209&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_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=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: 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-SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI 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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">
<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=120399700&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=120395209&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=121616839&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>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></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_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>
</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_OperatingExpensesAbstract">
<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>
</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: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_OtherGeneralAndAdministrativeExpense">
<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=120395209&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>
</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>
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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_OtherIncome">
<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 and income 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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<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_OtherIncome</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_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_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=120401555&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>
</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_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 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 2: 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=121641772&amp;loc=SL7669619-108580<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 205<br> -SubTopic 20<br> -Section 50<br> -Paragraph 7<br> -URI 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-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 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 19: 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 (f)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 20: 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 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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">
<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>
</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=120311839&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 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<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://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 (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<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 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 6: 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=120311839&amp;loc=d3e8736-108599<br><br>Reference 7: 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 40<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9031-108599<br><br>Reference 8: 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 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<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 41<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9038-108599<br><br>Reference 10: 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 42<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9054-108599<br><br>Reference 11: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 235<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399901&amp;loc=d3e537907-122884<br><br>Reference 13: 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=120395209&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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RevenuesAbstract">
<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>
</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>
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<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</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>
</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:sharesItemType</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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092060136648">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($)<br></strong></div></th>
<th class="th"><div>Number of Shares Issued $.01 Par Value [Member]</div></th>
<th class="th"><div>Additional Paid-In Capital [Member]</div></th>
<th class="th"><div>Retained Earnings [Member]</div></th>
<th class="th"><div>Total</div></th>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Beginning balance at Dec. 31, 2018</a></td>
<td class="nump">$ 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="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_StockIssuedDuringPeriodValuePurchaseOfAssets', window );">Shares issued for StockCross purchase</a></td>
<td class="nump">$ 33,000<span></span>
</td>
<td class="nump">14,037,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">14,070,000<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_StockIssuedDuringPeriodSharesPurchaseOfAssets', window );">Shares issued for StockCross purchase, shares</a></td>
<td class="nump">3,302,616<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">1,224,000<span></span>
</td>
<td class="nump">1,224,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Mar. 31, 2019</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">21,678,000<span></span>
</td>
<td class="nump">10,486,000<span></span>
</td>
<td class="nump">32,468,000<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">30,459,804<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 custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', 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">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,574,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Sep. 30, 2019</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">20,078,000<span></span>
</td>
<td class="nump">12,838,000<span></span>
</td>
<td class="nump">33,220,000<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 Sep. 30, 2019</a></td>
<td class="nump">30,459,804<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 custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Beginning balance at Mar. 31, 2019</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">21,678,000<span></span>
</td>
<td class="nump">10,486,000<span></span>
</td>
<td class="nump">32,468,000<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 Mar. 31, 2019</a></td>
<td class="nump">30,459,804<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">1,079,000<span></span>
</td>
<td class="nump">1,079,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Jun. 30, 2019</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">21,678,000<span></span>
</td>
<td class="nump">11,565,000<span></span>
</td>
<td class="nump">33,547,000<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 Jun. 30, 2019</a></td>
<td class="nump">30,459,804<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_AdjustmentsToAdditionalPaidInCapitalOther', window );">Return of capital distribution</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(1,600,000)<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="num">(1,600,000)<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_NetIncomeLoss', window );">Net income</a></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,273,000<span></span>
</td>
<td class="nump">1,273,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Sep. 30, 2019</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">20,078,000<span></span>
</td>
<td class="nump">12,838,000<span></span>
</td>
<td class="nump">33,220,000<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 Sep. 30, 2019</a></td>
<td class="nump">30,459,804<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 custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Beginning balance at Dec. 31, 2019</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">12,869,000<span></span>
</td>
<td class="nump">20,781,000<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, 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>
<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_StockIssuedDuringPeriodValuePurchaseOfAssets', window );">Shares issued for StockCross purchase</a></td>
<td class="nump">$ 33,000<span></span>
</td>
<td class="nump">12,256,000<span></span>
</td>
<td class="nump">65,000<span></span>
</td>
<td class="nump">12,354,000<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_StockIssuedDuringPeriodSharesPurchaseOfAssets', window );">Shares issued for StockCross purchase, shares</a></td>
<td class="nump">3,302,616<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">976,000<span></span>
</td>
<td class="nump">976,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Mar. 31, 2020</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">19,897,000<span></span>
</td>
<td class="nump">13,910,000<span></span>
</td>
<td class="nump">34,111,000<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, 2020</a></td>
<td class="nump">30,459,804<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 custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Beginning balance at Dec. 31, 2019</a></td>
<td class="nump">$ 271,000<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="nump">12,869,000<span></span>
</td>
<td class="nump">20,781,000<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, 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>
<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">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,056,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Sep. 30, 2020</a></td>
<td class="nump">$ 306,000<span></span>
</td>
<td class="nump">21,022,000<span></span>
</td>
<td class="nump">14,990,000<span></span>
</td>
<td class="nump">36,318,000<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 Sep. 30, 2020</a></td>
<td class="nump">30,653,710<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 custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Beginning balance at Mar. 31, 2020</a></td>
<td class="nump">$ 304,000<span></span>
</td>
<td class="nump">19,897,000<span></span>
</td>
<td class="nump">13,910,000<span></span>
</td>
<td class="nump">34,111,000<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 Mar. 31, 2020</a></td>
<td class="nump">30,459,804<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_StockIssuedDuringPeriodValueIssuedForServices', window );">Shares issued for payment of professional services</a></td>
<td class="nump">$ 2,000<span></span>
</td>
<td class="nump">1,125,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">1,127,000<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_StockIssuedDuringPeriodSharesIssuedForServices', window );">Shares issued for payment of professional services, shares</a></td>
<td class="nump">193,906<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">499,000<span></span>
</td>
<td class="nump">499,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Jun. 30, 2020</a></td>
<td class="nump">$ 306,000<span></span>
</td>
<td class="nump">21,022,000<span></span>
</td>
<td class="nump">14,409,000<span></span>
</td>
<td class="nump">35,737,000<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 Jun. 30, 2020</a></td>
<td class="nump">30,653,710<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">581,000<span></span>
</td>
<td class="nump">581,000<span></span>
</td>
</tr>
<tr class="rc">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_StockholdersEquityTotal', window );">Ending balance at Sep. 30, 2020</a></td>
<td class="nump">$ 306,000<span></span>
</td>
<td class="nump">$ 21,022,000<span></span>
</td>
<td class="nump">$ 14,990,000<span></span>
</td>
<td class="nump">$ 36,318,000<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 Sep. 30, 2020</a></td>
<td class="nump">30,653,710<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_SIEB_StockholdersEquityTotal">
<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>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_StockholdersEquityTotal</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_AdjustmentsToAdditionalPaidInCapitalOther">
<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 increase (decrease) in additional paid in capital (APIC).</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_AdjustmentsToAdditionalPaidInCapitalOther</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_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=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: 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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">
<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_StockIssuedDuringPeriodSharesIssuedForServices">
<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 issued in lieu of cash for services contributed to the entity. Number of shares includes, but is not limited to, shares issued for services contributed by vendors and founders.</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_StockIssuedDuringPeriodSharesIssuedForServices</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>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_StockIssuedDuringPeriodSharesPurchaseOfAssets">
<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 stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.</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_StockIssuedDuringPeriodSharesPurchaseOfAssets</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>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_StockIssuedDuringPeriodValueIssuedForServices">
<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 of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders.</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_StockIssuedDuringPeriodValueIssuedForServices</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_StockIssuedDuringPeriodValuePurchaseOfAssets">
<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 of shares of stock issued during the period as part of a transaction to acquire assets that do not qualify as a business combination.</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_StockIssuedDuringPeriodValuePurchaseOfAssets</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>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>15
<FILENAME>R6.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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092061295864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash Flows From Operating Activities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
<td class="nump">$ 2,056,000<span></span>
</td>
<td class="nump">$ 3,574,000<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 income tax expense</a></td>
<td class="nump">148,000<span></span>
</td>
<td class="nump">672,000<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">1,193,000<span></span>
</td>
<td class="nump">689,000<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_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="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_IncreaseDecreaseInAccountsAndNotesReceivable', window );">Receivables from customers</a></td>
<td class="num">(5,511,000)<span></span>
</td>
<td class="num">(15,339,000)<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_IncreaseDecreaseInAccountsAndOtherReceivables', window );">Receivables from non-customers</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(103,000)<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 and deposits with broker-dealers and clearing organizations</a></td>
<td class="nump">69,000<span></span>
</td>
<td class="num">(14,000)<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_IncreaseDecreaseInSecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="num">(90,228,000)<span></span>
</td>
<td class="nump">43,382,000<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_IncreaseDecreaseInTradingSecurities', window );">Securities owned, at fair value</a></td>
<td class="num">(462,000)<span></span>
</td>
<td class="nump">1,671,000<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_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="num">(586,000)<span></span>
</td>
<td class="nump">167,000<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_PrepaidServiceContractNoncurrent', window );">Prepaid service contract - non-current</a></td>
<td class="num">(763,000)<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_IncreaseDecreaseInPayablesToCustomers', window );">Payables to customers</a></td>
<td class="nump">34,065,000<span></span>
</td>
<td class="num">(3,541,000)<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_IncreaseDecreaseInPayablesToNonCustomers', window );">Payables to non-customers</a></td>
<td class="nump">1,283,000<span></span>
</td>
<td class="num">(3,847,000)<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_IncreaseDecreaseInDraftsPayable', window );">Drafts payable</a></td>
<td class="num">(1,199,000)<span></span>
</td>
<td class="nump">234,000<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_IncreaseDecreaseInPayablesToBrokerDealers', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="num">(167,000)<span></span>
</td>
<td class="nump">1,004,000<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_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">311,000<span></span>
</td>
<td class="num">(143,000)<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_IncreaseDecreaseInSecuritiesLoanedTransactions', window );">Securities loaned</a></td>
<td class="nump">96,334,000<span></span>
</td>
<td class="num">(35,905,000)<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_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="num">(91,000)<span></span>
</td>
<td class="num">(4,000)<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_IncreaseDecreaseInInterestPayableNet', window );">Interest payable</a></td>
<td class="num">(10,000)<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_IncreaseDecreaseInLeaseLiabilities', window );">Lease liabilities</a></td>
<td class="num">(90,000)<span></span>
</td>
<td class="nump">334,000<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 );">Taxes payable</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">14,000<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_IncreaseDecreaseInOtherOperatingLiabilities', window );">Other liabilities</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">91,000<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_NetCashProvidedByUsedInOperatingActivities', window );">Net cash provided by / (used in) operating activities</a></td>
<td class="nump">36,352,000<span></span>
</td>
<td class="num">(7,064,000)<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_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="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_EscrowDepositDisbursementsRelatedToPropertyAcquisition1', window );">Escrow deposit</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(2,000,000)<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_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of furniture, equipment, and leasehold improvements</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(783,000)<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_PaymentsForSoftware', window );">Purchase of software</a></td>
<td class="num">(334,000)<span></span>
</td>
<td class="num">(1,086,000)<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_NetCashProvidedByUsedInInvestingActivities', window );">Net cash used in investing activities</a></td>
<td class="num">(334,000)<span></span>
</td>
<td class="num">(3,869,000)<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_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash Flows From 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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt', window );">Notes payable - related party</a></td>
<td class="num">(2,000,000)<span></span>
</td>
<td class="nump">2,000,000<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_ProceedsFromIssuanceOfLongTermDebt', window );">Long-term debt</a></td>
<td class="nump">4,904,000<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_PaymentsForRepurchaseOfEquity', window );">Purchase of StockCross common stock</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(3,425,000)<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_PaymentsOfCapitalDistribution', window );">Return of capital distribution - StockCross</a></td>
<td class="text"> <span></span>
</td>
<td class="num">(1,600,000)<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_ProceedsFromSaleOfTreasuryStock', window );">Treasury stock sales - StockCross</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">172,000<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_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by / (used in) financing activities</a></td>
<td class="nump">2,904,000<span></span>
</td>
<td class="num">(2,853,000)<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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect', window );">Net increase / (decrease) in cash and cash equivalents, and cash and securities segregated for regulatory purposes</a></td>
<td class="nump">38,922,000<span></span>
</td>
<td class="num">(13,786,000)<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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - beginning of year</a></td>
<td class="nump">229,594,000<span></span>
</td>
<td class="nump">214,038,000<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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents', window );">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period</a></td>
<td class="nump">268,516,000<span></span>
</td>
<td class="nump">200,252,000<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 - end of period</a></td>
<td class="nump">4,536,000<span></span>
</td>
<td class="nump">5,883,000<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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes - end of period</a></td>
<td class="nump">263,980,000<span></span>
</td>
<td class="nump">194,369,000<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_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod', window );">Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period</a></td>
<td class="nump">268,516,000<span></span>
</td>
<td class="nump">200,252,000<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_SupplementalCashFlowInformationAbstract', window );"><strong>Supplemental cash flow information</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_IncomeTaxesPaidNet', window );">Cash paid during the period for income taxes</a></td>
<td class="nump">133,000<span></span>
</td>
<td class="nump">635,000<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_InterestPaidNet', window );">Cash paid during the period for interest</a></td>
<td class="nump">263,000<span></span>
</td>
<td class="nump">84,000<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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract', 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_SharesIssuedForPaymentOfProfessionalServices', window );">Shares issued for payment of professional services</a></td>
<td class="nump">$ 1,127,000<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_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod">
<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>Cash and cash equivalents, and cash and securities segregated for regulatory purposes - end of period.</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_CashAndCashEquivalentsAndCashAndSecuritiesSegregatedForRegulatoryPurposesEndOfPeriod</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_IncreaseDecreaseInDraftsPayable">
<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>Increase decrease in draft payable.</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_IncreaseDecreaseInDraftsPayable</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_IncreaseDecreaseInLeaseLiabilities">
<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 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_IncreaseDecreaseInLeaseLiabilities</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_IncreaseDecreaseInPayablesToNonCustomers">
<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 change during the period, either increase or decrease, in amounts payable to non customers.</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_IncreaseDecreaseInPayablesToNonCustomers</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_PrepaidServiceContractNoncurrent">
<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>Prepaid service contract non-current.</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_PrepaidServiceContractNoncurrent</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_SharesIssuedForPaymentOfProfessionalServices">
<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>Shares issued for payment of professional services.</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_SharesIssuedForPaymentOfProfessionalServices</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_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>
<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=121586364&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=121566466&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=120391452&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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations">
<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 subject to withdrawal restrictions, restricted deposits held as compensating balances, and cash and securities segregated in compliance with regulations (such as cash deposited in a special reserve account for the exclusive benefit of customers).</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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations</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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents">
<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 and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, 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.</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 24<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3521-108585<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 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3044-108585<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 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=SL98516268-108586<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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect">
<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, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, 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.</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 830<br> -SubTopic 230<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=98513438&amp;loc=d3e33268-110906<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=121586364&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_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect</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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract">
<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_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract</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_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=121586364&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_EscrowDepositDisbursementsRelatedToPropertyAcquisition1">
<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 escrow deposit disbursements related to property acquisition in noncash investing or financing 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 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4332-108586<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 50<br> -Paragraph 4<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4313-108586<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 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4304-108586<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_EscrowDepositDisbursementsRelatedToPropertyAcquisition1</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_IncomeTaxesPaidNet">
<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 cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of 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 230<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4297-108586<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_IncomeTaxesPaidNet</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_IncreaseDecreaseInAccountsAndNotesReceivable">
<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 of the sum of amounts due within one year (or one business cycle) from customers for the credit sale of goods and services; and from note holders for outstanding loans.</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=121586364&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_IncreaseDecreaseInAccountsAndNotesReceivable</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_IncreaseDecreaseInAccountsAndOtherReceivables">
<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 amount due from customers for the credit sale of goods and services; includes accounts receivable and other types of 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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&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_IncreaseDecreaseInAccountsAndOtherReceivables</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=121586364&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=121586364&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=121586364&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=121586364&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_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased">
<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 liability Securities Sold, Not yet Purchased. Proprietary securities transactions entered into by the broker-dealer for trading or investment purposes are included in "Securities Owned and Securities Sold, Not Yet Purchased." Although proprietary trading is frequently thought of as purchasing securities for sale to others, trading securities for the broker-dealer's own account sometimes leads to a liability for the fair value of securities sold but not yet purchased, that is, sold short. The broker-dealer is then obliged to purchase the securities at a future date at the then-current market price.</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=121586364&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_IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased</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_IncreaseDecreaseInInterestPayableNet">
<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 interest payable, which represents the amount owed to note holders, bond holders, and other parties for interest earned on loans or credit extended to 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=121586364&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_IncreaseDecreaseInInterestPayableNet</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_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>
<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_IncreaseDecreaseInOtherOperatingLiabilities">
<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 operating liabilities 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=121586364&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_IncreaseDecreaseInOtherOperatingLiabilities</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_IncreaseDecreaseInPayablesToBrokerDealers">
<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 incurred arising from transactions with broker-dealers, such as amounts due on margin and unsettled cash transactions; includes payables to brokers, dealers and clearing organizations.</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=121586364&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_IncreaseDecreaseInPayablesToBrokerDealers</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_IncreaseDecreaseInPayablesToCustomers">
<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 change during the period, either increase or decrease, in amounts payable to customers. The term customers generally excludes other broker-dealers; persons who are principal officers, directors, and stockholders; and persons whose securities or funds are part of the regulatory net capital of the broker-dealer. Another broker-dealer's account can be classified as a customer if the account is carried as an omnibus account in compliance with certain regulations. The accounts of principal officers, directors and stockholders may be combined in the customer captions if they are not material and the combination is disclosed in the oath that is required to accompany the annual audited FOCUS Report.</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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 28<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&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_IncreaseDecreaseInPayablesToCustomers</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_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=121586364&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_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=121586364&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_IncreaseDecreaseInSecuritiesLoanedTransactions">
<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 liability arising from securities loaned 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=121586364&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_IncreaseDecreaseInSecuritiesLoanedTransactions</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_IncreaseDecreaseInTradingSecurities">
<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) of investment in debt and equity securities, measured at fair value with changes in fair value recognized in net 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/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=121586364&amp;loc=d3e3602-108585<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 19<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3444-108585<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_IncreaseDecreaseInTradingSecurities</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_InterestPaidNet">
<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 paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount.</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 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=121583591&amp;loc=d3e4297-108586<br><br>Reference 2: 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 17<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3367-108585<br><br>Reference 3: 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 25<br> -Subparagraph (e)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<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_InterestPaidNet</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_NetCashProvidedByUsedInFinancingActivities">
<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 financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.</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=121586364&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_NetCashProvidedByUsedInFinancingActivities</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_NetCashProvidedByUsedInFinancingActivitiesAbstract">
<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_NetCashProvidedByUsedInFinancingActivitiesAbstract</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_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=121586364&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>
</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_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=121586364&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=121586364&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=121586364&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>
</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_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=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: 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-SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI 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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">
<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_PaymentsForRepurchaseOfEquity">
<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 to reacquire common and preferred 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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<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_PaymentsForRepurchaseOfEquity</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_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=121586364&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_PaymentsOfCapitalDistribution">
<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>Cash outflow to owners or shareholders, excluding ordinary dividends. Includes special dividends.</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 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<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_PaymentsOfCapitalDistribution</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_PaymentsToAcquirePropertyPlantAndEquipment">
<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 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=121586364&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_PaymentsToAcquirePropertyPlantAndEquipment</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_ProceedsFromIssuanceOfLongTermDebt">
<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 inflow from a debt initially having maturity due after one year or beyond the 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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<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_ProceedsFromIssuanceOfLongTermDebt</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_ProceedsFromRepaymentsOfRelatedPartyDebt">
<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 long-term debt by a related party. Related parties, include, but are not limited to, affiliates, owners or officers and their immediate families, and pension trusts.</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 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 3<br> -Subparagraph (SX 210.12-04(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e24072-122690<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_ProceedsFromRepaymentsOfRelatedPartyDebt</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>
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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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062835992">
<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">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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>
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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_BusinessDescriptionAndBasisOfPresentationTextBlock', window );">Organization and Basis of Presentation</a></td>
<td class="text"><div><div style="font-weight: bold">1. Organization and Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Organization</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Overview</div>
    <div style="text-align: justify"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Siebert Financial Corp., a New York corporation incorporated in 1934, is a holding company that conducts its retail 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;SNXT&#8221;), a New York corporation registered with the U.S. Securities and Exchange
      Commission (&#8220;SEC&#8221;) as a Registered Investment Adviser 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. Siebert conducts operations through its wholly-owned subsidiary, Siebert Technologies, LLC. (&#8220;STCH&#8221;), a Nevada limited liability company and developer of robo-advisory technology. Siebert offers prime brokerage services through its
      wholly-owned subsidiary, WPS Prime Services, LLC, (&#8220;WP&#8221;), a Delaware limited liability company and a broker-dealer registered with the SEC. Siebert also owns StockCross Digital Solutions, Ltd. (&#8220;STXD&#8221;), an inactive subsidiary headquartered in
      Bermuda. 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, SNXT, PWC, STCH, WP, and STXD collectively, unless the context otherwise requires.</div>
    <div style="text-align: justify"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company is headquartered in New York, NY, with primary operations in New Jersey, Florida, and California. The Company has 16 branch offices throughout the U.S. and clients around the world. The
      Company&#8217;s SEC filings are available through the Company&#8217;s website at www.siebert.com, where investors can obtain copies of the Company&#8217;s public filings free of charge. The Company&#8217;s common stock, par value $.01 per share, trades on the Nasdaq Capital
      Market under the symbol &#8220;SIEB.&#8221;</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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 nine months ended September 30,
      2020 and 2019 were derived from its operations in the U.S.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company is comprised of a single operating segment based on the factors related to management&#8217;s decision-making framework as well as management evaluating performance
      and allocating resources based on assessments of the Company from a consolidated perspective.</div>
    <div>
      <div><br />
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold">WPS Prime Services, LLC</div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">As previously disclosed in a Current Report on Form 8-K filed on June 26, 2020, on June 22, 2020, the Company and WPS Acquisitions, LLC entered into an agreement pursuant to which the Company at
        closing would have sold all of the member interests in WP to WPS Acquisitions, LLC for a purchase price of $7.3 million. As reported in a Current Report on Form 8-K filed on July 30, 2020, effective July 24, 2020, the agreement was terminated by
        the Company.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">Acquisition of StockCross</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">As previously disclosed in a Current Report on Form 8-K filed on January 25, 2019, the Company purchased approximately 15% of the outstanding shares of StockCross Financial Services, Inc.
        (&#8220;StockCross&#8221;). Subsequently, as previously disclosed in a Current Report on Form 8-K filed on January 7, 2020, the Company acquired the remaining 85% of StockCross&#8217; outstanding shares in exchange for 3,298,774 shares of the Company&#8217;s common stock.
        Effective January 1, 2020, StockCross was merged with and into MSCO, and as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.&#160;</div>
    </div>
    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Change in Reporting Entity</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of the date of the Company&#8217;s acquisition of StockCross, the Company and StockCross were entities under common control of Gloria E. Gebbia, the Company&#8217;s principal stockholder, and members of her
      immediate family (collectively, the &#8220;Gebbia Family&#8221;). The acquisition represented a change in reporting entity and as such, the companies have been presented on a combined basis for all periods presented in the unaudited condensed consolidated
      financial statements (&#8220;financial statements&#8221;). <font style="font-style: italic">See &#8220;Note 3 &#8211; Acquisitions&#8221; for additional detail on the transaction with StockCross and the corresponding accounting.</font></div>
    <div>
      <div><br />
      </div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">COVID-19</div>
    </div>
    <div style="text-align: justify; text-indent: 36pt"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The challenges posed by the COVID-19 pandemic on the global economy increased significantly starting in the first quarter of 2020. COVID-19 has spread across the globe during 2020 and has impacted
      economic activity worldwide. In response to COVID-19, national and local governments around the world have instituted certain measures, including travel bans, prohibitions on group events and gatherings, shutdowns of certain businesses, curfews,
      shelter-in-place orders and recommendations to practice social distancing.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company instituted a number of temporary closures of branch offices; however, as of the date of the filing of this report, all of the Company&#8217;s branch offices have been re-opened while
      maintaining compliance with federal, state and local mandates and guidelines. The Company has taken significant steps to ensure that its employees and customers are operating in a safe environment by implementing measures such as social distancing,
      sanitizing workstations, temperature checks, requiring masks, and alternating staff. The impact from the COVID-19 pandemic has caused the revenue and income of the Company to decrease; however, the Company has implemented various initiatives to
      offset this decline.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company is actively monitoring the impact of COVID-19 on the Company&#8217;s business, financial condition, liquidity, operations, employees, clients and business partners. Based on management&#8217;s
      assessment as of September 30, 2020, the ultimate impact of COVID-19 on the Company&#8217;s business, results of operations, financial condition and cash flows is dependent on future developments, including the duration of the pandemic and the related
      length of its impact on the global economy, which are uncertain and cannot be predicted at this time.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-style: italic">See &#8220;Item 2. Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8221; for additional detail on COVID-19 and its impact on the Company.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (&#8220;GAAP&#8221;) 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 management, the accompanying 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
      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, 2019 (&#8220;2019 Form 10-K&#8221;). The 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 and numbers are rounded for presentation purposes.&#160;</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Significant Accounting Policies</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s significant accounting policies are included in &#8220;<font style="font-style: italic">Note 2</font>&#160;<font style="font-style: italic">&#8211; Summary of Significant Accounting Policies&#8221; </font>in



      the Company&#8217;s 2019 Form 10-K. The following changes to the Company&#8217;s significant accounting policies as of September 30, 2020 are primarily due to the acquisition of StockCross. Other than the updates indicated below and in<font style="font-style: italic"> &#8220;Note 2 &#8211; New Accounting Standards,&#8221; </font>there have been no significant changes to the Company&#8217;s significant accounting policies.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Cash and Securities Segregated For Regulatory Purposes</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">MSCO is subject to Exchange Act Rule 15c3-3, referred to as the &#8220;Customer Protection Rule,&#8221; which requires segregation of funds in a special reserve account for the exclusive benefit of customers.
      Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.<font style="font-style: italic"> See &#8220;Note 15 &#8211; Capital Requirements&#8221; for additional
        detail.</font></div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">Receivables From and Payables To Customers</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Accounts receivable from and payable to customers include amounts due and owed on cash and margin transactions. Securities owned by customers are held as collateral for receivables. Receivables
        from customers are reported at their outstanding principal balance, adjusted for any allowance for doubtful accounts. An allowance is established when collectability is not reasonably assured. When the receivable from a brokerage client is
        considered to be impaired, the amount of impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources such as listed market prices or
        broker-dealer price quotations. Securities beneficially owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the statements of financial condition. No valuation allowance for doubtful
        accounts was necessary as of September 30, 2020 and December 31, 2019.</div>
      <div>&#160;</div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Accounts receivable from and payable to broker-dealers and clearing organizations includes amounts due from / to introducing broker-dealers, fail-to-deliver and fail-to-receive items, and amounts
      receivable for unsettled regular-way transactions. Deposits with broker-dealers and clearing organizations include amounts held on deposit with broker-dealers and clearing organizations and are included in the line item &#8220;Deposits with broker-dealers
      and clearing organizations.&#8221;</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">MSCO customer transactions for the nine months ended September 30, 2020 were both self-cleared and cleared on a fully disclosed basis through National Financial Services Corp. (&#8220;NFS&#8221;). MSCO
        customer transactions for the nine months ended September 30, 2019 were cleared on a fully disclosed basis through NFS and StockCross, the former of which was an affiliate. As of January 1, 2020, all clearing and other services provided by
        StockCross are performed by MSCO.</div>
      <div style="text-align: justify; text-indent: 36pt"><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">The Company operates on a month to month basis with its broker-dealers and clearing organizations and their fees are offset against the Company's revenues on a monthly basis. As of September 30,
        2020, the Company&#8217;s cash clearing deposits with NFS were $50,000. As of December 31, 2019, MSCO&#8217;s cash clearing deposits with NFS and StockCross were $50,000 and $75,000, respectively. Upon the closing of the Company&#8217;s acquisition of StockCross on
        January 1, 2020, all MSCO deposits with StockCross were eliminated. As of September 30, 2020 and December 31, 2019, MSCO had deposits with and other non-current receivables from multiple broker-dealers and clearing organizations of approximately
        $2.1 million and $1.9 million, respectively.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">WP&#8217;s customer transactions clear on a fully disclosed basis through two clearing broker-dealers, The Goldman Sachs Group, Inc. (&#8220;Goldman Sachs&#8221;) and Pershing LLC (&#8220;Pershing&#8221;). Amounts payable to
        broker-dealers and clearing organizations are offset against amounts receivables from broker-dealers and clearing organizations. Receivables from these broker-dealers and clearing organizations are subject to clearing agreements and include the net
        receivable from net monthly revenues as well as cash on deposit. As of both September 30, 2020 and December 31, 2019, WP&#8217;s cash clearing deposits with Goldman Sachs and Pershing were approximately $2 million and $1 million, respectively.</div>
      <div><br />
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company evaluates receivables from broker-dealers and clearing organizations and other receivables for collectability noting no amount was considered uncollectable as of September 30, 2020 and
      December 31, 2019. No valuation allowance is recognized for these receivables as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.<font style="font-style: italic"> See &#8220;Note 11 &#8211;
        Revenue Recognition&#8221; for additional detail on the accounting policies for the revenue related to these receivables.</font></div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">Securities Borrowed and Securities Loaned</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-indent: 36pt; text-align: justify">Securities borrowed are recorded at the amount of cash collateral advanced. Securities borrowed transactions require the Company to deposit cash, letters of credit, or other collateral with the
        lender. Securities loaned are recorded at the amount of cash collateral received. For securities borrowed and loaned, the Company monitors the market value of the securities and obtains or refunds collateral as necessary. </div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">Securities Owned, at Fair Value</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Securities owned, at fair value represent marketable securities owned by the Company at trade-date valuation. <font style="font-style: italic">See &#8220;Note 6 &#8211; Fair Value Measurements&#8221; for
          additional detail.</font></div>
      <div>&#160;</div>
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Payables to Non-Customers</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 18pt"><font id="TRGRRTFtoHTMLTab" style="font-size: 5.14pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Accounts payable to non-customers includes amounts due on cash and margin transactions on accounts owned and controlled by
      principal officers, directors and stockholders of the Company. Payables to non-customers amounts include any amounts received from interest on credit balances.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Payables to non-customers also include amounts due on cash transactions owned and controlled by the Company&#8217;s proprietary accounts of introducing broker-dealers. Effective upon the Company&#8217;s
      acquisition of StockCross on January 1, 2020, the Company no longer had any proprietary accounts of introducing broker-dealers. </div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; font-style: italic; font-weight: bold">Securities Sold, Not Yet Purchased, at Fair Value</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Securities sold, not yet purchased, at fair value represent marketable securities sold by the Company prior to purchase at trade-date valuation. <font style="font-style: italic">See &#8220;Note 6 &#8211;
          Fair Value Measurements&#8221; for additional detail.</font></div></div></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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059959560">
<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">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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>
</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_SignificantAccountingPoliciesTextBlock', window );">New Accounting Standards</a></td>
<td class="text"><div><div><div></div>
    <div style="text-align: justify; font-weight: bold">2. New Accounting Standards</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Recently Adopted Accounting Pronouncements</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">ASU 2018</font>-<font style="font-style: italic">15</font> - In August 2018, the FASB issued Accounting Standards Update (&#8220;ASU&#8221;) 2018-15, Intangibles, Goodwill and
      Other Internal-Use Software, (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which requires customers to apply the same criteria for capitalizing implementation
      costs incurred in a cloud computing arrangement that is hosted by the vendor as they would for an arrangement that has a software license. The standard is effective for interim and annual periods beginning after December 15, 2019 and early adoption
      is permitted. The standard can be adopted prospectively or retrospectively. The Company adopted this new standard on January 1, 2020. <font style="font-style: italic">See &#8220;Note 5 &#8211; Prepaid Service Contract&#8221; for additional detail.</font></div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">ASU 2018-13</font> - In August 2018, the FASB issued ASU 2018-13, Fair value Measurement (Accounting Standards Codification (&#8220;ASC&#8221;) 820): Disclosure
      Framework-Changes to the Disclosure Requirements for Fair Value Measurement. ASU 2018-13 removes certain disclosures, modifies certain disclosures and adds additional disclosures. The standard is effective for annual periods, including interim
      periods within those annual periods, beginning after December 15, 2019 and early adoption is permitted. The Company adopted the new standard on its effective date, January 1, 2020, and determined it was immaterial to the Company&#8217;s financial
      statements as of September 30, 2020.</div>
    <div style="text-align: justify"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">ASU 2018-07</font> - In June 2018, the FASB issued ASU No. 2018-07, Compensation - Stock Compensation (Topic 718). ASU 2018-07 is intended to reduce cost and
      complexity of financial reporting for non-employee share-based payments. Currently, the accounting requirements for non-employee and employee share-based payments are significantly different. ASU 2018-07 expands the scope of Topic 718, which
      currently only includes share-based payments to employees, to include share-based payments to non-employees for goods or services. Consequently, the accounting for share-based payments to non-employees and employees will be substantially aligned.
      This ASU supersedes Subtopic 505-50, &#8220;Equity - Equity-Based Payments to Nonemployees.&#8221; The amendments to ASU 2018-07 are effective for fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December
      15, 2020. Early adoption is permitted, but no earlier than a company&#8217;s adoption date of ASU No. 2014-09, (Topic 606), &#8220;Revenue from Contracts with Customers.&#8221; The Company adopted this accounting pronouncement on January 1, 2020.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Management has evaluated other recently issued accounting pronouncements and does not believe that any of these pronouncements will have a significant impact on the Company&#8217;s financial statements and
      related disclosures as of September 30, 2020.</div></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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059932136">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_AcquisitionsAbstract', window );"><strong>Acquisitions 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_BusinessCombinationDisclosureTextBlock', window );">Acquisitions</a></td>
<td class="text"><div><div><div style="text-align: justify; font-weight: bold">3. Acquisitions</div>
    <div><br />
    </div>
    <div style="font-weight: bold">StockCross</div>
    <div>
      <div><br />
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold">Overview of Acquisition</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Established in 1971, StockCross was one of the largest privately-owned brokerage firms in the nation and its operations consisted primarily of market making, fixed-income products distribution,
      online or broker-assisted equity trading, securities lending, and equity stock plan services.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Prior to being acquired by the Company, StockCross and the Company were affiliated entities through common ownership and had various related party transactions. In January 2019, the Company acquired
      approximately 15% ownership of StockCross. Effective January 1, 2020, pursuant to an Agreement and Plan of Merger, the Company acquired the remaining 85% of StockCross&#8217; outstanding shares and StockCross was merged with and into MSCO. The purchase
      price paid was approximately $29,750,000 or 3,298,774 shares of the Company&#8217;s restricted common stock which was issued in connection with the acquisition. Prior to the acquisition, MSCO had a clearing agreement with StockCross whereby StockCross
      provided custody and clearing services to MSCO for its securities broker-dealer business; however, as of January 1, 2020, all clearing and other services provided by StockCross are performed by MSCO.</div>
    <div>
      <div><br />
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold">Accounting for Acquisition</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Prior to and as of the date of the acquisition, the Company and StockCross were entities under common control of the Gebbia Family. As such, the acquisition was accounted for as a transaction between
      entities under common control.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">A common-control transaction is similar to a business combination for the Company as it is the entity that received the net assets of StockCross; however, this common-control transaction does not
      meet the definition of a business combination in accordance with GAAP because there is no change in control over the net assets.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The acquisition represented a change in reporting entity. As such, upon the closing of the acquisition, the net assets of the Company were combined with those of StockCross at their historical
      carrying amounts. The companies have been presented on a combined basis for all periods presented in the financial statements in a manner similar to a pooling of interests, as the period of common control existed prior to the periods presented in the
      financial statements. Accordingly, the historical financial statements of the Company have been presented under the &#8220;as if pooling&#8221; method.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Prior to the Company&#8217;s acquisition of StockCross, StockCross sold its treasury stock totaling $172,000 to third parties and the Company purchased approximately 15% of the outstanding shares of
      StockCross from an unrelated party for $3,665,000. On September 5, 2019, StockCross made a return of capital distribution in the aggregate amount of $1.6 million, of which the Company received approximately 15%, or $241,000. All of these cash
      transactions are reflected in the &#8220;Cash flows from financing activities&#8221; section of the statements of cash flows for the nine months ended September 30, 2019.</div>
    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Assets Acquired and Liabilities Assumed</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:</div>
      <div><br />
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="left" id="z70d818e299804fce835b31f91978e4d7" style="width: 70%; color: #000000; font-size: 10pt; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Historical</div>
            <div style="text-align: center; font-weight: bold">Carrying Value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
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          <td style="vertical-align: bottom; vertical-align: top; width: 78%">&#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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 78%">
            <div>Assets acquired</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Cash and cash equivalents</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>1,588,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Cash and securities segregated for regulatory purposes</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>224,814,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Receivables from customers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>86,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>3,105,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Other receivables</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>627,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>346,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Securities borrowed</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>193,529,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>1,141,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;Deferred tax assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Total Assets acquired</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>514,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Liabilities assumed</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Payables to customers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to non-customers</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>9,151,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Drafts payable</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>1,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>963,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities loaned</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Notes payable &#8211; related party</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>5,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>1,295,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Total Liabilities assumed</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>499,211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net Assets acquired</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>15,714,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div style="clear: both"><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Pro Forma Statements</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following pro forma financial statements present the statements of income of the Company as if the acquisition of StockCross had occurred on January 1, 2019, inclusive of pro forma adjustments
      (unaudited). The combined results of these pro forma financial statements are also reflected in the Company&#8217;s financial statements for the periods presented for 2019. StockCross&#8217; financial statements have already been consolidated in the Company&#8217;s
      financial statements for the periods presented for 2020:</div>
    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Statements of Operations</div>
    <div style="font-style: italic">Three Months Ended September 30, 2019 (unaudited)</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf20970cc98d64aad9a7fb7810c530cef" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Three Months Ended September 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#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-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">StockCross</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Total Combined</div>
            <div style="text-align: center; font-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Revenue</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>348,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>2,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,944,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>968,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,912,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Principal transactions</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,041,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>286,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,327,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Interest income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>23,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,038,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,061,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Market making</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Advisory fees</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Other income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>351,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>290,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>7,144,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>3,670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>10,753,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,157,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,652,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,809,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>617,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>242,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>798,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Technology and communications</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>291,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>150,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>441,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Other general and administrative</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>589,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>279,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>868,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Data processing</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>527,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>527,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Rent and occupancy</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>380,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>250,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>630,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Professional fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>439,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>344,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>244,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>244,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Interest expense</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>31,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>31,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,717,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>3,475,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>9,131,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>30,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(30,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,457,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>195,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(30,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,622,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>353,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(8,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net income / (loss)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,104,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>191,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>(22,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Net income per share of common stock</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.04</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.03</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.04</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Weighted average shares outstanding</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>&#160;Basic and diluted</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>27,157,188</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,152,500</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Pro forma shares used to compute net income per share</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>30,455,962</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="font-style: italic">&#160;</div>

<div style="font-style: italic">Nine Months Ended September 30, 2019 (unaudited)</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z98656e8a4cca43c29df7fe5ff3ba64cd" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended September 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#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-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">StockCross</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Total Combined</div>
            <div style="text-align: center; font-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Revenue</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,030,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,102,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>7,132,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,499,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,662,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>11,161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Principal transactions</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,479,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>659,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>6,138,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Interest income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>54,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,363,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,417,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Market making</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,303,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Advisory fees</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Other income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>816,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>633,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>20,634,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>11,258,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>31,709,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,882,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,930,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>13,812,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,849,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>659,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,325,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Technology and communications</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>800,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>464,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,264,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Other general and administrative</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,861,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>926,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,787,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Data processing</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,487,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,487,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Rent and occupancy</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>995,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>759,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,754,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Professional fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,388,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,180,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,568,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>689,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Interest expense</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>16,445,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>10,508,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>26,770,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>4,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>750,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(84,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>4,939,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,171,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>218,000</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(24,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,365,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net income / (loss)</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>3,102,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>532,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>(60,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>3,574,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Net income per share of common stock</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.11</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.09</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.12</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Weighted average shares outstanding</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>&#160;Basic and diluted</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>27,157,188</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,152,500</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Pro forma shares used to compute net income per share</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>30,455,962</div>
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    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">&#160;</div>

<div style="font-style: italic; font-weight: bold">Statements of Financial Condition</div>
    <div><br />
    </div>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: center; font-weight: bold">As of December 31, 2019</div>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Siebert</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">StockCross</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
            <div style="text-align: center; font-weight: bold">(unaudited)</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Total Combined Siebert</div>
            <div style="text-align: center; font-weight: bold">(unaudited)</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div>ASSETS</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; 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; 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; 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; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Cash and cash equivalents</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,082,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,588,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Cash and securities segregated for regulatory purposes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>110,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>224,814,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>224,924,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Receivables from customers</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>86,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>86,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,067,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,265,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(808,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,524,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Receivables from related party</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(1,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Other receivables</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>223,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>627,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(88,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>762,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
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          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>624,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>346,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>970,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Securities borrowed</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>193,529,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>193,529,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Total Current assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,106,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>511,518,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,896,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>517,728,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Deposits with broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,186,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,840,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(75,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>4,951,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="margin-left: 3.35pt">Furniture, equipment and leasehold improvements, net</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,131,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,150,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Software, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,888,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,888,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,810,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,141,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>3,951,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Equity method investment in related party</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,360,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(3,360,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Deferred tax assets</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>4,981,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>5,388,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Intangible assets, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,022,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,022,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px">
            <div>&#160;Goodwill</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,989,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,989,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 4px">
            <div>Total Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,473,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>514,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>(5,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>538,067,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to customers</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Payables to non-customers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>9,151,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,088,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,063,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Drafts payable</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(883,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to related parties</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,473,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>963,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities loaned</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>116,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Interest payable</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Current portion of notes payable - related party</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>5,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Current portion of lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,291,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>936,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,227,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Total Current liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>5,869,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>498,852,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,971,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>502,750,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px">
            <div>&#160;Lease liabilities, less current portion</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,823,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>359,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Liabilities</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>7,692,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>499,211,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(1,971,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>504,932,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Commitments and Contingencies</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Stockholders&#8217; equity</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Common stock, $.01 par value</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>271,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>23,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>304,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Additional paid-in capital</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>7,641,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>12,436,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(180,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>19,897,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Retained earnings</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>12,869,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,268,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>(3,203,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>12,934,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Total Stockholders&#8217; equity</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>20,781,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>15,714,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(3,360,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>33,135,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 4px">
            <div>Total Liabilities and stockholders' equity</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,473,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>514,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>(5,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>538,067,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div></div>
    <div style="text-align: justify; font-style: italic">Pro Forma Adjustments</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The pro forma results include adjustments made for the consolidation of both entities. The statements of income reflects the elimination of StockCross&#8217; other income and the Company&#8217;s corresponding
      custody and clearing fees resulting from the fully disclosed clearing relationship between MSCO and StockCross. In addition, the Company&#8217;s earnings recognized as part of its equity method investment in StockCross for the three and nine months ended
      September 30, 2019 were eliminated upon consolidation. These adjustments to pre-tax income were tax affected using an estimated effective tax rate of 28.0%.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">&#160;The statements of financial condition reflects the elimination of intercompany payables and receivables between the Company and StockCross as part of their ongoing business relationship, as well as
      reflects the elimination of the Company&#8217;s 15% ownership of StockCross. The statements of financial condition reflects an adjustment to increase the Company&#8217;s common stock by the par value of the shares issued in connection with the transaction and to
      eliminate the par value of StockCross&#8217; common stock. The adjustments also increase additional paid-in capital for the net difference, as well as the change in retained earnings from the adjustments in the statements of operations.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of future
      results.</div>
    <div><br />
    </div>
    <div style="font-weight: bold">WP</div>
    <div>
      <div><br />
      </div>
    </div>
    <div style="font-style: italic; font-weight: bold">Overview of Acquisition</div>
    <div>
      <div><br />
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">As previously disclosed in the Company&#8217;s 2019 Form 10-K, the Company completed its acquisition of 100% of the member interests in WP and effective December 1, 2019, WP became a wholly-owned
      subsidiary of the Company. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to ASC 805 - Business Combinations and resulted in $1,989,000 of goodwill.</div>
    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Pro Forma Statements</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following pro forma summary presents the statements of income of the Company as if the acquisition of WP had occurred on January 1, 2019, inclusive of pro forma adjustments (unaudited). WP&#8217;s
      financial statements have already been consolidated as part of the Company&#8217;s financial statements for the periods presented for 2020.</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z79102708ad6247b5a3e0cdab9075c541" style="width: 60%; color: #000000; font-size: 10pt; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); padding-bottom: 2px; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Three Months Ended September 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended September 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div style="text-align: justify">Revenue</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>14,372,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>41,191,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 52%">
            <div style="text-align: justify">Operating income</div>
          </td>
          <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: rgb(204, 238, 255); vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%">
            <div>1,905,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%">
            <div>3,693,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div style="text-align: justify">Net income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>1,577,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>2,407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div> <br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">The pro forma results include adjustments made for the consolidation of both entities. These adjustments take into consideration the interest expense on the promissory note used in financing the
        acquisition, the amortization of the acquired intangible assets, as well as the tax effect of pro forma adjustments using an estimated combined statutory rate of 28.0%.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Pro forma data may not be indicative of the results that would have been obtained had these events occurred at the beginning of the periods presented, nor is it intended to be a projection of
        future results.</div></div></div></div><span></span>
</td>
</tr>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062809608">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2020</div></th></tr>
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<td class="text"><div><div><div style="font-weight: bold">4. Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:</div>
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          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">December 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Receivables from and deposits with broker-dealers and clearing organizations</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;DTCC / OCC / NSCC</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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,678,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</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>3,059,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>&#160;&#160;Goldman Sachs</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,105,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,841,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Pershing Capital</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; 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)">
            <div>1,279,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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)">
            <div>1,192,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>&#160;&#160;NFS</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>1,113,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>1,328,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Securities fail-to-deliver</div>
          </td>
          <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; 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)">
            <div>207,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>43,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>&#160;&#160;Globalshares</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>24,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;ICBC</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Total Receivables from and deposits with broker-dealers and clearing organizations</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>$</div>
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            <div>8,406,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>8,475,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>&#160;&#160;Securities fail-to-receive</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>356,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>523,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Total Payables to broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>356,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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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>
<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">
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092064935784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Prepaid Service Contract<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</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_SIEB_PrepaidServiceContractAbstract', window );"><strong>Prepaid Service Contract</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_OtherAssetsDisclosureTextBlock', window );">Prepaid Service Contract</a></td>
<td class="text"><div><div><div style="text-align: justify; font-weight: bold">5. Prepaid Service Contract</div>
    <div style="text-align: justify"><br />
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    <div style="text-align: justify; text-indent: 36pt">On April 21, 2020, MSCO entered into a Master Services Agreement (&#8220;MSA&#8221;), with InvestCloud, Inc. (&#8220;InvestCloud&#8221;). Pursuant to the MSA, InvestCloud agreed to provide MSCO with the InvestCloud
      Platform, a new client and back end interface and&#160; related functionalities for MSCO&#8217;s key operations. MSCO agreed to pay InvestCloud as consideration therefore during the initial three-year term an annual license fee of $600,000 as well as an upfront
      professional service fee of $1.0 million for one-time configuration, installation and customization of the software. Following the initial three year term, the MSA will automatically renew for additional one-year terms unless terminated by MSCO upon
      120 days&#8217; notice.</div>
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    <div style="text-align: justify; text-indent: 36pt">In connection with the MSA, InvestCloud entered into a Side Letter Agreement (&#8220;Side Letter&#8221;) with the Company pursuant to which InvestCloud acquired 193,906 shares of the Company&#8217;s restricted common
      stock (the &#8220;Shares&#8221;) at a per share price of $5.81 (the Company&#8217;s share price as of the close of May 12, 2020) for a total of $1.1 million for professional services to integrate the InvestCloud Platform into Siebert&#8217;s existing systems and
      Robo-Advisor. The Shares were issued to InvestCloud on May 12, 2020 without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4(a)(2) thereunder. This transaction is reflected in the &#8220;Non-cash investing
      and financing activities&#8221; section of the statements of cash flows.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">In accordance with ASU 2018-15,&#160;Intangibles, Goodwill and Other Internal-Use Software, the Company initially recorded a prepaid asset equal to the $2.1 million of the total professional services
      related to the development work performed by InvestCloud, which is within the line item &#8220;Prepaid service contract &#8211; non-current&#8221; on the statements of financial condition. The Company will amortize this asset over the 3-year term of the contract, a
      period during which the arrangement is noncancelable. The license fees related to Siebert&#8217;s use of the InvestCloud Platform are prepaid three months in advance and are within the line item &#8220;Prepaid expenses and other assets&#8221; on the statements of
      financial condition. These prepaid license fees are amortized over the three month term. The amortization for all the prepaid assets related to InvestCloud development is within the line item titled &#8220;Technology and Communications&#8221; on the statements
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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 other assets. This disclosure includes other current assets and other noncurrent 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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066909336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</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_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [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_FairValueMeasurementInputsDisclosureTextBlock', window );">Fair Value Measurements</a></td>
<td class="text"><div><div><div style="text-align: justify; font-weight: bold">6. Fair Value Measurements</div>
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    </div>
    <div style="text-align: justify; font-weight: bold">Overview</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">ASC 820 defines fair value, establishes a framework for measuring fair value, and establishes a hierarchy of fair value inputs. Fair value is the price that would be received to sell an asset or
        paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the
        asset or liability or, in the absence of a principal market, the most advantageous market. Valuation techniques that are consistent with the market, income, or cost approach, as specified by ASC 820, are used to measure fair value.</div>
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      <div><br />
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      <div style="text-align: justify; text-indent: 36pt">The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels:</div>
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      <div><br />
      </div>
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      <div style="text-align: justify; text-indent: 36pt">Level 1 - Quoted prices (unadjusted) in active markets for an identical asset or liability that the Company can assess at the measurement date.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Level 2 - Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Level 3 - Unobservable inputs for the asset or liability.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">The availability of observable inputs can vary from security to security and is affected by a variety of factors, such as the type of security, the liquidity of markets, and other characteristics
        particular to the security. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. As such, the degree of judgment exercised in
        determining fair value is greatest for instruments categorized in level 3.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair
        value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily
        available, the Company&#8217;s own assumptions are set to reflect those that the Company believes market participants would use in pricing the asset or liability at the measurement date.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">A description of the valuation techniques applied to the Company&#8217;s major categories of assets and liabilities measured at fair value on a recurring basis is as follows:</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">U.S. government securities:&#160;</font>U.S. government securities are valued using quoted market prices and as such, valuation adjustments are not applied.
        Accordingly, U.S. government securities are generally categorized in level 1 of the fair value hierarchy.</div>
    </div>
    <div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Municipal securities:</font>&#160;Municipal securities are valued using recently executed transactions, market price quotations (when observable), bond spreads from
        independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments. The spread data used is for the same maturity as the bond. Municipal securities are generally categorized in level
        2 of the fair value hierarchy.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Corporate bonds and convertible preferred stock:&#160;</font>The fair value of corporate bonds and convertible preferred stock are determined using recently executed
        transactions, market price quotations (when observable), bond spreads, or credit default swap spreads obtained from independent external parties such as vendors and brokers, adjusted for any basis difference between cash and derivative instruments.
        The spread data used is for the same maturity as the bond. If the spread data does not reference the issuer, then data that references a comparable issuer is used. When position-specific external price data is not observable, fair value is
        determined based on either benchmarking to similar instruments or cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates as significant inputs. Corporate bonds and convertible preferred stocks are
        generally categorized in level 2 of the fair value hierarchy.</div>
      <div style="text-align: justify; text-indent: 36pt">&#160;</div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Equity securities: </font>Equity securities are valued based on quoted prices from the exchange. To the extent these securities are actively traded, valuation
        adjustments are not applied, and they are categorized in level 1 of the fair value hierarchy. Securities quoted in inactive markets or with observable inputs are categorized into level 2. If there are no observable inputs or quoted prices,
        securities are categorized as level 3 assets in the fair value hierarchy. Level 3 assets are not actively traded and subjective estimates based on managements&#8217; assumptions are utilized for valuation.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Mutual funds: </font>Mutual funds are valued based on the closing net asset value of the publicly traded mutual funds. These securities are actively traded and
        therefore valuation adjustments are not applied. As such, mutual funds are categorized in level 1 of the fair value hierarchy.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Certificates of deposit:&#160;</font>Certificates of deposit included in investments are valued at cost, which approximates fair value. When certificates of deposits
        are held directly with banking institutions and issued directly to the Company, these are categorized within cash and cash equivalents in level 2 of the fair value hierarchy. When certificates of deposits are available for trading, they are
        categorized within securities owned, at fair value in level 2 of the fair value hierarchy.</div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold">Fair Value Hierarchy Tables</div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.</div>
      <div><br />
      </div>
    <table cellspacing="0" cellpadding="0" id="z3d4624d5d83b46f2a26ab32880408bc2" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 1</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 2</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 3</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div>Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle">
            <div>Cash and cash equivalents</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Certificates of deposit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>&#160;&#160;U.S. government securities*</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,028,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,028,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Certificates of deposit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>91,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>91,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>120,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>120,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>765,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>343,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,108,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px">
            <div>&#160;&#160;Mutual funds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>133,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>133,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,926,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>554,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,480,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div>
      <div><br />
      </div>
      <div style="text-align: justify">*As of September 30, 2020, U.S. government securities mature on 08/31/2021</div>
      <div><br />
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z116ee13b015c456689e2684b8162fa18" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of December 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 1</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 2</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 3</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div>Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top">
            <div>Cash and cash equivalents</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Certificates of deposit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Segregated securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>&#160;&#160;U.S. government securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;U.S. government securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,007,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,007,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>453,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>245,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>288,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>986,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>Total Securities owned, at fair value</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,460,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>270,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>288,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,018,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>Liabilities</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>116,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>116,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="z1e1c8fc0a3e348899069b2411af80da7" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td rowspan="1" colspan="4" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: center; font-weight: bold">Changes in Level 3 Equity Assets</td>
          <td rowspan="1" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td rowspan="1" colspan="4" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; text-align: center; font-weight: bold">Nine Months Ended September 30, 2020</td>
          <td rowspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Amount</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Valuation Technique</div>
          </td>
          <td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Reason for Change</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%">
            <div>Balance &#8211; January 1, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>288,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">
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          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Transfers out of level 3</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>(288,000</div>
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            <div>)</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>Sale of equity security</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%">
            <div>Balance &#8211; September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following represents financial instruments in which the ending balances as of September 30, 2020 and December 31, 2019 are not carried at fair value in the statements of financial condition:</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">&#160;<font style="font-style: italic">Short-term financial instruments: </font>The carrying value of short-term financial instruments, including cash and securities segregated for regulatory purposes
      are recorded at amounts that approximate the fair value of these instruments. These financial instruments generally expose the Company to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that
      approximate market rates. Cash and securities segregated for regulatory purposes are classified as level 1. Securities segregated for regulatory purposes consist of treasury notes which are categorized in the above tables as level 1 assets.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Receivables and other assets</font>: Receivables from broker-dealers and clearing organizations, receivables from customers, other receivables, and other assets are
      recorded at amounts that approximate fair value and are classified as level 2 under the fair value hierarchy.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Securities borrowed and securities loaned</font>: Securities borrowed and securities loaned are recorded at amounts which approximate fair value and are primarily
      classified as level 2 under the fair value hierarchy. The Company&#8217;s securities borrowed and securities loaned balances represent amounts of equity securities borrow and loan contracts and are marked-to-market daily in accordance with standard
      industry practices which approximate fair value.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Payables</font>: Payables to customers, payables to non-customers, drafts payable, payables to broker-dealers and clearing organizations, accounts payable and
      accrued liabilities, and interest payable are recorded at amounts that approximate fair value due to their short-term nature and are classified as level 2 under the fair value hierarchy.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Notes payable &#8211; related party:</font> The carrying amount of the notes payable &#8211; related party approximates fair value due to the relative short-term nature of the
      borrowing. Under the fair value hierarchy, the notes payable &#8211; related party is classified as level 2.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt"><font style="font-style: italic">Line of credit</font>: The carrying amount of the line of credit with East West Bank approximates fair value due to the relative short-term nature of the borrowing.
      Under the fair value hierarchy, the line of credit is classified as level 2.</div></div></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 of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.</p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066375736">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</div></th></tr>
<tr class="re">
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<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_LesseeOperatingLeasesTextBlock', window );">Leases</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">7. Leases</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company rents office space under operating leases expiring in 2021 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 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 statements of financial condition. The Company acquired two leases from its acquisition of StockCross, the impact of which is reflected in the
        following disclosures.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, 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.</div>
      <div><br />
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="z0eeba86deb6640e988aa475ccda4e4aa" style="width: 70%; color: #000000; font-size: 10pt; text-align: left">

        <tr>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">December 31, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div style="text-align: justify">Assets</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Lease right-of-use assets</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>2,813,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,951,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div style="text-align: justify">Liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Lease liabilities</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,181,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>4,409,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

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    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">The calculated amounts 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. The Company leases some miscellaneous office equipment, but they are immaterial and therefore the Company records the costs associated with this office equipment on the statements of income rather than capitalizing them 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.</div>
    <div><br />
    </div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 82%">
            <div style="font-weight: bold">Lease Term and Discount Rate</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 82%">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2.3</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 82%; background-color: rgb(204, 238, 255)">
            <div>&#160;Weighted average discount rate &#8211; operating leases</div>
          </td>
          <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; 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)">
            <div>5.0</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>%</div>
          </td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following table represents lease costs and other lease information. The Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease
      cost primarily represents variable payments such as common area maintenance and utilities which are usually determined by the leased square footage in proportion to the overall office building.</div>
    <div><br />
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold"> 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Operating lease cost</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>609,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>509,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,755,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,268,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div>&#160;Short-term lease cost</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>20,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>81,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>83,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>321,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Variable lease cost</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>65,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>40,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>281,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>165,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 2px">
            <div>&#160;Sublease income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Total Rent and occupancy</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>694,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>630,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,119,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,754,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div>&#160;Operating cash flows from operating leases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>614,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>512,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,845,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,338,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div>Lease right-of-use assets obtained in exchange for new lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Operating leases</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>278,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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            <div>4,943,000</div>
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    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Lease Commitments</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:</div>
    <div><br />
    </div>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%">
            <div style="font-weight: bold">Year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Amount</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%">
            <div>&#160;2020</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%">
            <div>606,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;2021</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>1,403,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%">
            <div>&#160;2022</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%">
            <div>755,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
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            <div>&#160;2023</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>543,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
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            <div>&#160;2024</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>56,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Remaining balance of lease payments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>3,363,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 78%; padding-bottom: 2px">
            <div>&#160;Difference between undiscounted cash flows and</div>
            <div>&#160;discounted cash flows</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>3,181,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company had an operating lease agreement for an office space in Beverly Hills, CA with a term of approximately 5 years. The total commitment of the lease is
      approximately $1.5 million, and the lease will commence on March 1, 2021.</div>
    <div style="text-align: justify; text-indent: 36pt"> <br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Rent and occupancy expenses were $694,000 and $630,000 for the three months ended September 30, 2020 and 2019, respectively. Rent and occupancy expenses were $2,119,000 and $1,754,000 for the nine
      months ended September 30, 2020 and 2019, respectively.</div></div></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 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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092065624072">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Goodwill and Intangible Assets, Net<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<tr><th class="th"><div>Sep. 30, 2020</div></th></tr>
<tr class="re">
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<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_GoodwillAndIntangibleAssetsDisclosureTextBlock', window );">Goodwill and Intangible Assets, Net</a></td>
<td class="text"><div><div><div><div style="font-weight: bold">8. Goodwill and Intangible Assets, Net</div>
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    <div style="font-weight: bold">Goodwill</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020 and December 31, 2019, the Company&#8217;s carrying amount of goodwill was $1,989,000, all of which came from the Company&#8217;s acquisition of WP<font style="font-style: italic">.</font></div>
    <div><br />
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    <div style="font-weight: bold">Intangible Assets, Net</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">As a result of the Company&#8217;s acquisition of WP, the Company had intangible assets consisting of WP&#8217;s customer relationships and WP&#8217;s trade name, the fair values of which were $987,000 and $70,000,
      respectively, as of the acquisition date.&#160;Pursuant to the Company&#8217;s agreement with the original owners of WP, the Company agreed to discontinue using the name of Weeden Prime Services, LLC and filed to change it to WPS Prime Services, LLC in May
      2020. As of September 30, 2020, the WP trade name has been fully amortized.</div>
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    <div style="text-align: justify; font-weight: bold">Impairment</div>
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    <div style="text-align: justify; text-indent: 36pt">For the nine months ended September 30, 2020, management concluded that there have been no impairments to the carrying value of the Company&#8217;s goodwill and other tangible and intangible assets.</div></div></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 goodwill and intangible 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 350<br> -URI http://asc.fasb.org/topic&amp;trid=2144416<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062947032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</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_DebtDisclosureAbstract', window );"><strong>Debt Disclosure [Abstract]</strong></a></td>
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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_LongTermDebtTextBlock', window );">Long-Term Debt</a></td>
<td class="text"><div><div><div><div style="font-weight: bold">9. Long-Term Debt</div>
    <div><br />
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    <div style="text-align: justify; font-weight: bold">Line of Credit with East West Bank</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">As previously reported in a Current Report on Form 8-K filed July 28, 2020, on July 22, 2020, the Company entered into a Loan and Security Agreement with East West Bank. In accordance with the terms
      of this agreement, the Company has the ability to borrow term loans in an aggregate principal amount not to exceed $10 million during the two-year period after July 22, 2020. The Company&#8217;s obligations under the agreement are secured by a lien on all
      of the Company&#8217;s cash, dividends, stocks and other monies and property from time to time received or receivable in exchange for the Company&#8217;s equity interests in and any other rights to payment from the Company&#8217;s subsidiaries; any deposit accounts
      into which the foregoing is deposited and all substitutions, products, proceeds (cash and non-cash) arising out of any of the foregoing. Each term loan will have a term of four years, beginning when the draw is made.&#160;The repayment schedule will
      utilize a five-year (60 month) amortization period, with a balloon on the remaining amount due at the end of four years.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">Term loans made pursuant to the agreement shall bear interest, at the Company&#8217;s option, (i) at the prime rate, as reported by the Wall Street Journal, or (ii) 3.0% above the LIBOR rate, provided that
      the minimum interest rate on any term loan will not be less than 3.25%. In addition to the foregoing, on the date that each term loan is made, the Company shall pay to the lender an origination fee equal to 0.25% of the principal amount of such term
      loan. Pursuant to the loan agreement, the Company paid all lender expenses in connection with the loan agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">This agreement contains certain financial and non-financial covenants. The financial covenants are that the Company must maintain a debt service coverage ratio of 1.35 to 1, an effective tangible net
      worth of a minimum of $25 million, and MSCO must maintain a net capital ratio that is not less than 10% of aggregate debit items. Certain other non-financial covenants include that the Company must promptly notify East West Bank of the creation or
      acquisition of any subsidiary that at any time owns assets with a value of $100,000 or greater. As of September 30, 2020 and the date of the filing of this report, the Company was in compliance with all of its covenants related to this agreement.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">In addition, the Company&#8217;s obligations under the agreement are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the John and Gloria
      Living Trust, U/D/T December 8, 1994 (the &#8220;Trust&#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust.</div>
    <div>&#160;&#160; </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company has drawn down a term loan of approximately $4.9 million under this agreement. The Company has incurred interest expense in relation to this term loan of $15,000
      for both the three and nine months ended September 30, 2020.</div></div></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 long-term debt.</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 470<br> -URI http://asc.fasb.org/topic&amp;trid=2208564<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062680008">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Notes Payable - Related Party<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_NotesPayableAbstract', window );"><strong>Notes Payable [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_ShortTermDebtTextBlock', window );">Notes Payable - Related Party</a></td>
<td class="text"><div><div><div><div style="font-weight: bold">10. Notes Payable - Related Party</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company&#8217;s principal stockholder, the details of which are presented below:<br />
      <br />
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 46%">
            <div style="font-weight: bold">Description</div>
          </td>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 36%">
            <div style="text-align: center; font-weight: bold">Issuance Date</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Face Amount</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 46%">
            <div>&#160;&#160;4% due December 2, 2020</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 36%">
            <div style="text-align: center">December 2, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%">
            <div>3,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 46%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="2" style="vertical-align: bottom; vertical-align: top">
            <div>Subordinated to MSCO*</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
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            <div>&#160;&#160;4% due November 30, 2021**</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)">
            <div style="text-align: center">November 30, 2018</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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            <div>3,000,000</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 46%; padding-bottom: 2px">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 46%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Total Notes payable &#8211; related party</div>
          </td>
          <td style="vertical-align: bottom; vertical-align: top; width: 36%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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            <div>6,000,000</div>
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    <div><br />
    </div>
    <div style="text-align: justify">*The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.</div>
    <div style="text-align: justify">**This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Notes subordinated to MSCO are subordinated to the claims of general creditors, approved by FINRA, and are included in MSCO&#8217;s calculation of net capital and the capital requirements under FINRA and
      SEC regulations.</div>
    <div style="text-align: justify; text-indent: 36pt"> <br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s interest expense incurred for these notes for the three months ended September 30, 2020 and 2019 was $104,000 and $24,000, respectively. The Company&#8217;s interest expense incurred for
      these notes for the nine months ended September 30, 2020 and 2019 was $220,000 and $66,000, respectively. The Company&#8217;s interest payable was $0 and $10,000 as of September 30, 2020 and December 31, 2019, respectively. Effective March 3, 2020, the
      interest rate on the loan due November 30, 2021 was renegotiated from 2.75% to 4%. There was no consideration paid or received as part of this renegotiation.</div></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>
<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The entire disclosure for short-term debt.</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 470<br> -URI http://asc.fasb.org/topic&amp;trid=2208564<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092142186120">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_RevenueFromContractWithCustomerTextBlock', window );">Revenue Recognition</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">11. Revenue Recognition</div>
    <div><br />
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    <div style="text-align: justify; font-weight: bold">Overview of Revenue</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The primary sources of revenue for the Company are as follows:</div>
    <div><br />
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    <div style="text-align: justify; font-style: italic; font-weight: bold">Margin Interest, Marketing and Distribution fees</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Margin interest, marketing and distribution fees consists of two components: margin interest and 12b1 fees resulting from rebates in money market funds. Margin interest is the net interest charged to
      customers for holding financed margin positions, and 12b1 fees are fees paid to the Company related to trailing payments from money market funds. Margin interest, marketing and distribution fees are recorded as earned.</div>
    <div><br />
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    <div style="text-align: justify; font-style: italic; font-weight: bold">Commissions and Fees</div>
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    <div style="text-align: justify; text-indent: 36pt">The Company earns commission revenue for executing trades for clients in individual equities, options, insurance products, futures, fixed income securities, as well as certain third-party mutual
      funds and ETFs. Commission revenue associated with combined trade execution and clearing services, as well as trade execution services on a standalone basis, is recognized at a point in time on the trade date when the performance obligation is
      satisfied. The performance obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to /
      from the customer.</div>
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    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Principal Transactions</div>
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    <div style="text-align: justify; text-indent: 36pt">Principal transactions primarily represent riskless transactions in which the Company, after executing a solicited order, buys or sells securities as principal and at the same time buys or sells the
      securities with a markup or markdown to satisfy the order. Principal transactions are recognized at a point in time on the trade date when the performance obligation is satisfied. The performance obligation is satisfied on the trade date because that
      is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon and the risks and rewards of ownership have been transferred to / from the customer.</div>
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    <div style="text-align: justify; font-style: italic; font-weight: bold">Market Making</div>
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    <div style="text-align: justify; text-indent: 36pt">Market making is revenue generated from the buying and selling of securities. Market making transactions are recorded on a trade-date basis as the securities transactions occur. The performance
      obligation is satisfied on the trade date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have been transferred to / from the counterparty.
      Securities owned are recorded at fair market value at the end of the reporting period.</div>
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    <div style="text-align: justify; font-style: italic; font-weight: bold">Stock Borrow / Stock Loan</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">The Company borrows securities on behalf of retail clients to facilitate short trading, loans excess margin securities from client accounts, facilitates borrow and loan contracts for broker-dealer
      counterparties, and provides stock locate services to broker-dealer counterparties. The Company does not utilize stock borrow / stock loan activities for the purpose of financing transactions. Stock borrow / stock loan revenue is reported on a
      monthly basis net of expense. The performance obligation is satisfied on the contract date because that is when the underlying financial instrument or purchaser is identified, the pricing is agreed upon, and the risks and rewards of ownership have
      been transferred to / from the counterparty.</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">For the three months ended September 30, 2020, stock borrow / stock loan revenue was $1,267,000 ($2,499,000 gross revenue less $1,232,000 expenses). For the three months ended September 30, 2019,
      stock borrow / stock loan revenue was $349,000 ($2,111,000 gross revenue minus $1,762,000 expenses).</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">For the nine months ended September 30, 2020, stock borrow / stock loan revenue was $2,482,000 ($6,170,000 gross revenue less $3,688,000 expenses). For the nine months ended September 30, 2019, stock
      borrow / stock loan revenue was $1,353,000 ($8,381,000 gross revenue minus $7,028,000 expenses).</div>
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    <div style="text-align: justify; font-style: italic; font-weight: bold">Advisory Fees</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">The Company earns advisory fees associated with managing client assets. The performance obligation related to this revenue stream is satisfied over time; however, the advisory fees are variable as
      they are charged as a percentage of the client&#8217;s total asset value, which is determined at the end of the quarter.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Interest Income</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company earns interest from clients&#8217; accounts, net of payments to clients&#8217; accounts, and on the Company&#8217;s bank balances and is recorded as earned.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Other Income</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Other income represents fees generated from correspondent clearing fees, corporate services client fees, payment for order flow, and transactional fees generated from client accounts. Transactional
      fees are recorded concurrently with the related activity. Other income is recorded as earned.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Categorization of Revenue</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The following table presents the Company&#8217;s major revenue categories and when each category is recognized:</div>
    <div><br />
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            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; width: 26%">
            <div style="font-weight: bold">Revenue Category</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
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          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
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          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; width: 18%">
            <div style="font-weight: bold">Timing of Recognition</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255); width: 26%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 18%">&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div style="text-align: justify">Trading Execution and Clearing Services</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>4,679,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>2,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>15,149,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>7,132,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Principal transactions</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,342,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,327,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,126,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>6,138,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
            <div style="text-align: justify">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Market making</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>423,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,508,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded on trade date</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,267,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,482,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Advisory fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>305,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>810,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>Total Trading Execution and Clearing Services</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>9,016,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>5,490,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>28,075,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>16,498,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>Other Income</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Margin interest</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,130,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,068,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>6,465,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,755,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;12b1 fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>181,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>844,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,265,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>2,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Total Margin interest, marketing and</div>
            <div>&#160;distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,912,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>7,730,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>11,161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Interest income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>915,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,061,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,155,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,417,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Other income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>333,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>290,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,035,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>633,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>3,559,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,263,000</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>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>11,920,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>15,211,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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            <div>Total Revenue</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>12,575,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>10,753,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>39,995,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>31,709,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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    <div style="text-align: justify; text-indent: 36pt">The following table presents each revenue category and its related performance obligation:</div>
    <div><br />
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            <div style="text-align: justify; font-weight: bold">Revenue Stream</div>
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            <div>Commissions and fees, Principal transactions, Market making, Stock borrow /</div>
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    <div style="font-weight: bold">Soft Dollar Arrangement</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">As a result of the acquisition of WP, the Company has soft dollar and commission sharing arrangements with customers that fall both within, and outside of, the safe harbor provisions of Rule 28(e) of
      the Securities Exchange Act of 1934 ("Rule 28(e)"), as amended. These soft dollar arrangements were determined to be a separate performance obligation that should be allocated a portion of the transaction price.</div>
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    <div style="text-align: justify; text-indent: 36pt">Under these arrangements, the Company charges additional dollars on customer trades and uses these fees to pay third parties for research, brokerage services, market data, and related expenses
      (&#8220;research services&#8221;) on behalf of clients. The Company is an agent in these arrangements, as it does not control the research services before they are transferred to the customer. As such, the revenue from these agreements are recognized net of cost
      in the statements of income in the line item &#8220;Commissions and fees.&#8221;</div>
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    <div style="text-align: justify; text-indent: 36pt">The Company paid client expenses of approximately $142,000 and $494,000 for the three months and nine months ended September 30, 2020, respectively. The Company had an outstanding receivable and
      payable of approximately $5,000 and $150,000, respectively, as of September 30, 2020. The receivable and payable are in the line items &#8220;Other receivables&#8221; and &#8220;Accounts payable and accrued liabilities,&#8221; respectively, on the statement of financial
      condition.</div>
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    <div style="text-align: justify; text-indent: 36pt; margin-right: 9.05pt">As of September 30, 2020 and December 31, 2019, no allowance for uncollectible commissions was necessary as the Company believes all commissions receivable and prepaid research
      services expenses will be realized.</div>
    <div><br />
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    <div style="text-align: justify; font-weight: bold">Other Items</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">For the nine months ended September 30, 2020 and 2019, 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.</div>
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    <div style="text-align: justify; text-indent: 36pt">The Company concludes that its revenue streams have the same underlying economic factors, and as such, no disaggregation of revenue is required.</div></div></div></div><span></span>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062879944">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Referral Fees<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">12. Referral Fees</div>
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    <div style="text-align: justify; text-indent: 36pt">Upon the acquisition of WP, the Company has agreements with various third parties to share commissions and pay fees as defined in the respective agreements. These expenses totaled approximately
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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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062889048">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_IncomeTaxDisclosureAbstract', window );"><strong>Income Tax 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_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">13. Income Taxes</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s provision for income taxes consists of federal and state taxes, as applicable, in amounts necessary to align the Company&#8217;s year-to-date tax provision with the effective rate that it
      expects to achieve for the full year. Each quarter the Company updates its estimate of the annual effective tax rate and records cumulative adjustments as necessary. As of September 30, 2020, the Company has concluded that its deferred tax assets are
      realizable on a more-likely-than-not basis with the exception of certain New Jersey net operating losses.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">CARES Act</div>
    <div><br />
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    <div style="text-align: justify; text-indent: 36pt">On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (&#8220;CARES Act&#8221;) was enacted in response to COVID-19 pandemic. Under ASC 740, the effects of changes in tax rates and laws are
      recognized in the period which the new legislation is enacted. The CARES Act made various tax law changes including among other things (i) increased the limitation under IRC Section 163(j) for 2019 and 2020 to permit additional expensing of interest
      (ii) enacted a technical correction so that qualified improvement property can be immediately expensed under IRC Section 168(k) and (iii) made modifications to the federal net operating loss rules including permitting federal net operating losses
      incurred in 2018, 2019, and 2020 to be carried back to the five preceding taxable years in order to generate a refund of previously paid income taxes and (iv)&#160;enhanced recoverability of AMT tax credits. The CARES Act did not have a significant impact
      on the Company&#8217;s financial statements as of September 30, 2020.</div>
    <div><br />
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    <div style="text-align: justify; font-weight: bold">Income Tax / Benefit and Effective Tax Rate</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">For the three months ended September 30, 2020, the Company recorded an income tax benefit of $486,000 on income before benefit from income taxes of $95,000. The effective tax rate for the three
      months ended September 30, 2020 was (511.6)%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in
      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">For the nine months ended September 30, 2020, the Company recorded an income tax provision of $39,000 on income before provision for income taxes of $2,095,000. The effective tax rate for the nine
      months ended September 30, 2020 was 1.9%. The effective tax rate was lower than the federal statutory rate of 21% as the Company recorded a discrete tax benefit related to the anticipated filing of amended 2017 through 2019 federal tax returns in
      order to claim a refund of previously paid taxes coupled with the recognition of additional deferred tax assets for federal net operating losses as the Company determined that it can utilize additional net operating losses under Section 382.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">For the three and nine months ended September 30, 2019, the Company recorded an income tax provision of $349,000 and $1,365,000, respectively. The effective tax rate for the three and nine months
      ended September 30, 2019 was 21.5% and 27.6%, respectively. The effective tax rate differs from the statutory rate of 21% primarily related to state taxes.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Uncertain Tax Positions</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Income tax benefits are recognized for a tax position when, in management&#8217;s judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax
      position that meets the more-likely-than-not recognition threshold, the tax benefit is measured as the largest amount that is judged to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority.</div>
    <div style="text-align: justify; text-indent: 36pt"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company recorded an uncertain tax position of $1,041,000 attributable to the Company&#8217;s 2017 to 2019 amended tax returns as the Company&#8217;s anticipated tax refunds exceed
      the amount that meets the more-likely-than-not recognition threshold. The net impact from the uncertain tax position was recorded as a reduction of the Company&#8217;s income tax receivable. The Company expects to receive an income tax refund of
      approximately $248,000 by the first quarter of 2021. In the event that the Company concludes that the Company is subject to interest and / or penalties arising from uncertain tax positions, the Company will present interest and penalties as a
      component of income taxes.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company recognized the anticipated refunds in three months ended September 30, 2020, as this is the period the Company concluded it would amend its federal tax returns and file refund claims as
      well as calculated the amount of refund to be received.</div></div></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 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 21<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32857-109319<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 2<br> -Subparagraph (SAB Topic 11.C)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330215-122817<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 17<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32809-109319<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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.5.Q1)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 14<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32705-109319<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 270<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=6424409&amp;loc=d3e44925-109338<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -URI http://asc.fasb.org/topic&amp;trid=2144680<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 30<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6424122&amp;loc=d3e41874-109331<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062947032">
<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">9 Months Ended</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_EarningsPerShareAbstract', window );"><strong>Earnings Per Share [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
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<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">14. Earnings Per Share</div>
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    <div style="text-align: justify; text-indent: 36pt">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 $581,000 and
      $1,273,000 for the three months ended September 30, 2020 and 2019, respectively. The Company had net income of $2,056,000 and $3,574,000 for the nine months ended September 30, 2020 and 2019, respectively.</div></div></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 earnings per share.</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 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109243012&amp;loc=SL65017193-207537<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -URI http://asc.fasb.org/topic&amp;trid=2144383<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3630-109257<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062905080">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Capital Requirements<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
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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_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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<tr class="ro">
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<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">15. Capital Requirements</div>
    <div><br />
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    <div style="text-align: justify; font-weight: bold">MSCO and StockCross</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Net Capital</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">MSCO is subject to the Uniform Net Capital Rules of the SEC (Rule 15c3-1)
    of the Securities Exchange Act of 1934. Under the alternate method permitted by this rule, net capital, as defined, shall not
    be less than the lower of $1 million or 2% of aggregate debit items arising from customer transactions. As of September 30,
    2020, MSCO&#8217;s net capital was $27.9 million, which was approximately $25.6 million in excess of its required net capital
    of $2.3 million, and its percentage of aggregate debit balances to net capital was 24.4%.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of December 31, 2019, MSCO&#8217;s net capital was $4.4 million, which was $4.2 million in excess of its required net capital of $250,000. As of December 31, 2019, StockCross&#8217; net capital was $18.8
      million, which was $16.7 million in excess of its required net capital of $2.1 million, and its percentage of aggregate debit balances to net capital was 17.6%. Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the capital of
      MSCO and StockCross was combined.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Special Reserve Account</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">MSCO is subject to Customer Protection Rule 15c3-3 which requires segregation of funds in a special reserve account for the exclusive benefit of customers. As of September 30, 2020, MSCO had cash
      deposits of $264.0 million in the special reserve accounts which was $16.6 million in excess of the deposit requirement of $247.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on October 1, 2020, MSCO had $7.1 million in
      excess of the customer reserve requirement.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of December 31, 2019, MSCO did not have any special reserve accounts. As of December 31, 2019, StockCross had deposits of $223.4 million (cash of $222.1 million and securities with fair value of
      $1.3 million) in the special reserve account which was $4 million in excess of the deposit requirement of $219.4 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $1 million in excess of the
      customer reserve requirement. Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of December 31, 2019, StockCross was also subject to the PAB Account Rule 15c3-3 of the SEC which requires segregation of funds in a special reserve account for the exclusive benefit of
      proprietary accounts of introducing broker-dealers. As of December 31, 2019, StockCross had segregated cash of $1.4 million under rule 15c3-3. As of December 31, 2019, StockCross had $1.4 million in the special reserve account which was $282,000 in
      deficit of the deposit requirement of $1.7 million. After adjustments for deposit(s) and / or withdrawal(s) made on January 2, 2020, StockCross had $218,000 in excess of the PAB reserve requirement. Effective upon the Company&#8217;s acquisition of
      StockCross on January 1, 2020, MSCO no longer had a PAB requirement.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">WP</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-style: italic; font-weight: bold">Net Capital</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">WP, as a member of FINRA, is subject to the SEC Uniform Net Capital Rule 15c3-1. This rule requires the maintenance of minimum net capital and that the ratio of aggregate indebtedness to net capital,
      both as defined, shall not exceed 15 to 1 and that equity capital may not be withdrawn, or cash dividends paid if the resulting net capital ratio would exceed 10 to 1. WP is also subject to the CFTC's minimum financial requirements which require that
      WP maintain net capital, as defined, equal to the greater of its requirements under Regulation 1.17 under the Commodity Exchange Act or Rule 15c3-1.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, WP&#8217;s net capital was approximately $3.7 million which was $3.5 million in excess of its minimum requirement of $250,000 under 15c3-1. As of December 31, 2019, WP&#8217;s net
      capital was approximately $3.9 million which was $3.7 million in excess of its minimum requirement of $250,000 under 15c3-1.</div></div></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 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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066593688">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Financial Instruments with Off-Balance Sheet Risk<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</div></th></tr>
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<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_FinancialInstrumentsDisclosureTextBlock', window );">Financial Instruments with Off-Balance Sheet Risk</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">16. Financial Instruments with Off-Balance Sheet Risk</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">The Company enters into various transactions to meet the needs of customers, conduct trading activities, and manage market risks and is, therefore, subject to varying degrees of market and credit
      risk. </div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">In the normal course of business, the Company's customer activities involve the execution, settlement, and financing of various customer securities transactions. These activities may expose the
      Company to off-balance sheet risk in the event the customer or other broker is unable to fulfill its contracted obligations and the Company has to purchase or sell the financial instrument underlying the contract at a loss.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">The Company's customer securities activities are transacted on either a cash or margin basis. In margin transactions, the Company extends credit to its customers, subject to various regulatory and
      internal margin requirements, collateralized by cash and securities in the customers' accounts. In connection with these activities, the Company executes and clears customer transactions involving the sale of securities not yet purchased,
      substantially all of which are transacted on a margin basis subject to individual exchange regulations.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">Such transactions may expose the Company to off-balance sheet risk in the event margin requirements are not sufficient to fully cover losses that customers may incur. In the event the customer fails
      to satisfy obligations, the Company may be required to purchase or sell financial instruments at prevailing market prices to fulfill the customer's obligations.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">The Company seeks to control the risks associated with its customer activities by requiring customers to maintain margin collateral in compliance with various regulatory and internal guidelines. The
      Company monitors required margin levels daily and pursuant to such guidelines, requires customers to deposit additional collateral or to reduce positions when necessary.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">The Company's customer financing and securities settlement activities may require the Company to pledge customer securities as collateral in support of various secured financing sources such as bank
      loans and securities loaned. In the event the counterparty is unable to meet its contractual obligation to return customer securities pledged as collateral, the Company may be exposed to the risk of acquiring the securities at prevailing market
      prices in order to satisfy its customer obligations. The Company controls this risk by monitoring the market value of securities pledged on a daily basis and by requiring adjustments of collateral levels in the event of excess market exposure. In
      addition, the Company establishes credit limits for such activities and monitors compliance on a daily basis.</div></div></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 financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures.</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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062697784">
<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">9 Months Ended</th>
</tr>
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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_CommitmentsAndContingenciesDisclosureTextBlock', window );">Commitments, Contingencies, and Other</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">17. Commitments, Contingencies, and Other</div>
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    <div style="text-align: justify; font-weight: bold">Legal and Regulatory Matters</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">General Contingencies</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">As part of this plan, the Company recognized expenses of $412,000 and $136,000 for the three months ended September 30, 2020 and 2019, respectively. As part of this plan, the Company recognized
      expenses of $962,000 and $594,000 for the nine months ended September 30, 2020 and 2019, respectively.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company had an accrual of $78,000 as of September 30, 2020, which represents the historical estimate of future claims to be recognized for claims incurred prior to the period.</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">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.</div></div></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><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559207&amp;loc=d3e25336-109308<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 440<br> -SubTopic 10<br> -Section 50<br> -Paragraph 4<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559207&amp;loc=d3e25336-109308<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066599784">
<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">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_RelatedPartyTransactionsAbstract', window );"><strong>Related Party Transactions [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_RelatedPartyTransactionsDisclosureTextBlock', window );">Related Party Disclosures</a></td>
<td class="text"><div><div><div><div style="text-align: justify; font-weight: bold">18. Related Party Disclosures</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold">StockCross</div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">StockCross and the Company were under common ownership, and prior to January 1, 2020, StockCross served as one of the clearing broker-dealers for the Company. The StockCross clearing agreement with
        the Company provided that StockCross passed through all revenue and charged the Company for related clearing expenses. Outside of the clearing agreement, the Company had an expense sharing agreement with StockCross for its Beverly Hills and Jersey
        City branch offices, and StockCross paid some vendors for miscellaneous expenses which it passed through to the Company.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">In January 2019, the Company purchased approximately 15% of StockCross&#8217; outstanding shares. Effective January 1, 2020, the Company acquired the remaining 85% of StockCross in exchange for 3,298,774
        shares of the Company&#8217;s common stock and StockCross was merged with and into MSCO. Upon the closing of this transaction on January 1, 2020, all receivables and payables between the Company and StockCross as well as any earnings from the Company&#8217;s
        equity method investment in StockCross were eliminated upon consolidation.</div>
      <div><br />
      </div>
    <div>
      <div style="text-align: justify; font-weight: bold">Kennedy Cabot Acquisition, LLC</div>
      <div><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Kennedy Cabot Acquisition, LLC (&#8220;KCA&#8221;) is an affiliate of the Company and is under common ownership with the Company. To gain efficiencies and economies of scale with billing and administrative
        functions, KCA serves as a paymaster for the Company for payroll and related functions, the entirety of which KCA passes through to the subsidiaries of the Company proportionally. In addition, KCA has purchased the naming rights of the Company for
        the Company to use.</div>
      <div><br />
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">KCA sponsors a 401(k) profit sharing plan which covers substantially all of the Company&#8217;s employees. Employee contributions to the plan are at the discretion of eligible employees. There were no
      contributions by the Company or KCA to the plan for the nine months ended September 30, 2020 and 2019.</div>
    <div><br />
    </div>
    <div style="text-indent: 36pt">In January 2020, MSCO sold approximately $290,000 worth of a private equity security to KCA at cost.</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold">Park Wilshire Companies, Inc.</div>
    </div>
    <div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">PWC brokers the insurance policies for related parties. Revenue for PWC from related parties was $21,000 and $3,000 for the three months ended September 30, 2020 and 2019, respectively. Revenue for
        PWC from related parties was $65,000 and $67,000 for the nine months ended September 30, 2020 and 2019, respectively.</div>
      <div style="text-align: justify; text-indent: 36pt"><br />
      </div>
    </div>
    <div>
      <div style="text-align: justify; font-weight: bold">Gloria E. Gebbia and John J. Gebbia</div>
    </div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company has entered into various debt agreements with Gloria E. Gebbia, the Company&#8217;s principal stockholder. <font style="font-style: italic">See &#8220;Note 10 &#8211;&#160;Notes Payable - Related Party&#8221; for
        additional detail</font>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; text-indent: 36pt">In addition, the Company&#8217;s obligations under its Agreement with East West Bank are guaranteed pursuant to a guarantee agreement by and among, John J. Gebbia, individually and as a co-trustee of the
      John and Gloria Living Trust, U/D/T December 8, 1994 (the &#8220;Trust&#8221;) and Gloria E. Gebbia, individually and as a co-trustee of the Trust. <font style="font-style: italic">See &#8220;Note 9 &#8211;&#160;Long-Term Debt&#8221; for additional detail</font>.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-weight: bold">Gebbia Sullivan County Land Trust</div>
    <div style="text-align: justify"><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company operates on a month-to-month lease agreement for its branch office in Omaha, Nebraska with the Gebbia Sullivan County Land Trust, the trustee of which is a relative of the Gebbia Family.
      For both the three months ended September 30, 2020 and 2019, rent expense was $15,000 for this branch office. For both the nine months ended September 30, 2020 and 2019, rent expense was $45,000 for this branch office.</div></div></div></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://www.xbrl.org/2003/role/disclosureRef<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 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -URI http://asc.fasb.org/topic&amp;trid=2122745<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39691-107864<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062697784">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Subsequent Events<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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>
</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_SubsequentEventsTextBlock', window );">Subsequent Events</a></td>
<td class="text"><div><div></div>
    <div style="text-align: justify"><font style="font-weight: bold">19. Subsequent Events<br />
      </font><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company has evaluated events that have occurred subsequent to September 30, 2020 and through November 16, 2020, the date of the filing of this report.</div>
    <div style="text-align: justify; text-indent: 36pt"> <br />
    </div>
    <div>
      <div style="text-align: justify; color: Black; text-indent: 36pt">On November 10, 2020, the Company issued 150,000 shares of its restricted common stock (the &#8220;Shares&#8221;) to each of Anthony Palmeri
and Gerard Losurdo, each new employees of MSCO, as part of their employment agreements. Mr. Palmeri and Mr. Losurdo each paid the Company
approximately $400,000 for their Shares, which was equal to 70% of the closing price of the common stock as reported on Nasdaq on November
9, 2020. The Shares issued to Mr. Palmeri and Mr. Losurdo are subject to a three-year restriction on transfer commencing on the day of
issuance. The issuance of the Shares were each approved by unanimous written consent of the Company's board of directors. The shares were
issued to Mr. Palmeri and Mr. Losurdo as part of their employment agreements in accordance with Nasdaq Listing Rule 5635(c)(4). The Shares
were issued without registration under the Securities Exchange Act of 1933, as amended in reliance upon the exemption provided in Section
4(a)(2) thereunder.</div>
    </div>
    <br />
    <div style="text-align: justify; text-indent: 36pt">Other than the event described above, there have been no 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 September 30, 2020.</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 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 855<br> -URI http://asc.fasb.org/topic&amp;trid=2122774<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 855<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6842918&amp;loc=SL6314017-165662<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092146530824">
<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">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_BasisOfAccountingPolicyPolicyTextBlock', window );">Basis of Presentation</a></td>
<td class="text"><div><div style="text-align: justify; font-weight: bold">Basis of Presentation</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the U.S. (&#8220;GAAP&#8221;) 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 management, the accompanying 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
      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, 2019 (&#8220;2019 Form 10-K&#8221;). The 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 and numbers are rounded for presentation purposes.&#160;</div>
    <div><br />
    </div>
    <div style="text-align: justify; font-weight: bold">Significant Accounting Policies</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company&#8217;s significant accounting policies are included in &#8220;<font style="font-style: italic">Note 2</font>&#160;<font style="font-style: italic">&#8211; Summary of Significant Accounting Policies&#8221; </font>in



      the Company&#8217;s 2019 Form 10-K. The following changes to the Company&#8217;s significant accounting policies as of September 30, 2020 are primarily due to the acquisition of StockCross. Other than the updates indicated below and in<font style="font-style: italic"> &#8220;Note 2 &#8211; New Accounting Standards,&#8221; </font>there have been no significant changes to the Company&#8217;s significant accounting policies.</div></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_CashAndSecuritiesSegregatedForRegulatoryPurposesPolicyTextBlock', window );">Cash and Securities Segregated For Regulatory Purposes</a></td>
<td class="text"><div><div style="text-align: justify; font-style: italic; font-weight: bold">Cash and Securities Segregated For Regulatory Purposes</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">MSCO is subject to Exchange Act Rule 15c3-3, referred to as the &#8220;Customer Protection Rule,&#8221; which requires segregation of funds in a special reserve account for the exclusive benefit of customers.
      Effective upon the Company&#8217;s acquisition of StockCross on January 1, 2020, the requirements and special reserve accounts of MSCO and StockCross were combined.<font style="font-style: italic"> See &#8220;Note 15 &#8211; Capital Requirements&#8221; for additional
        detail.</font></div></div><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_ReceivablesFromAndPayablesToCustomersPolicyTextBlock', window );">Receivables From and Payables To Customers</a></td>
<td class="text"><div><div><div style="text-align: justify; font-style: italic; font-weight: bold">Receivables From and Payables To Customers</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">Accounts receivable from and payable to customers include amounts due and owed on cash and margin transactions. Securities owned by customers are held as collateral for receivables. Receivables
        from customers are reported at their outstanding principal balance, adjusted for any allowance for doubtful accounts. An allowance is established when collectability is not reasonably assured. When the receivable from a brokerage client is
        considered to be impaired, the amount of impairment is generally measured based on the fair value of the securities acting as collateral, which is measured based on current prices from independent sources such as listed market prices or
        broker-dealer price quotations. Securities beneficially owned by customers, including those that collateralize margin or other similar transactions, are not reflected in the statements of financial condition. No valuation allowance for doubtful
        accounts was necessary as of September 30, 2020 and December 31, 2019.</div></div></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_ReceivablesFromAndPayablesToBrokerdealersAndClearingOrganizationsPolicyTextBlock', window );">Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</a></td>
<td class="text"><div><div><div style="text-align: justify; font-style: italic; font-weight: bold">Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations</div>
    <div><br />
    </div>
    <div style="text-align: justify; text-indent: 36pt">Accounts receivable from and payable to broker-dealers and clearing organizations includes amounts due from / to introducing broker-dealers, fail-to-deliver and fail-to-receive items, and amounts
      receivable for unsettled regular-way transactions. Deposits with broker-dealers and clearing organizations include amounts held on deposit with broker-dealers and clearing organizations and are included in the line item &#8220;Deposits with broker-dealers
      and clearing organizations.&#8221;</div>
    <div><br />
    </div>
    <div>
      <div style="text-align: justify; text-indent: 36pt">MSCO customer transactions for the nine months ended September 30, 2020 were both self-cleared and cleared on a fully disclosed basis through National Financial Services Corp. (&#8220;NFS&#8221;). MSCO
        customer transactions for the nine months ended September 30, 2019 were cleared on a fully disclosed basis through NFS and StockCross, the former of which was an affiliate. As of January 1, 2020, all clearing and other services provided by
        StockCross are performed by MSCO.</div>
      <div style="text-align: justify; text-indent: 36pt"><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">The Company operates on a month to month basis with its broker-dealers and clearing organizations and their fees are offset against the Company's revenues on a monthly basis. As of September 30,
        2020, the Company&#8217;s cash clearing deposits with NFS were $50,000. As of December 31, 2019, MSCO&#8217;s cash clearing deposits with NFS and StockCross were $50,000 and $75,000, respectively. Upon the closing of the Company&#8217;s acquisition of StockCross on
        January 1, 2020, all MSCO deposits with StockCross were eliminated. As of September 30, 2020 and December 31, 2019, MSCO had deposits with and other non-current receivables from multiple broker-dealers and clearing organizations of approximately
        $2.1 million and $1.9 million, respectively.</div>
      <div><br />
      </div>
      <div style="text-align: justify; text-indent: 36pt">WP&#8217;s customer transactions clear on a fully disclosed basis through two clearing broker-dealers, The Goldman Sachs Group, Inc. (&#8220;Goldman Sachs&#8221;) and Pershing LLC (&#8220;Pershing&#8221;). Amounts payable to
        broker-dealers and clearing organizations are offset against amounts receivables from broker-dealers and clearing organizations. Receivables from these broker-dealers and clearing organizations are subject to clearing agreements and include the net
        receivable from net monthly revenues as well as cash on deposit. As of both September 30, 2020 and December 31, 2019, WP&#8217;s cash clearing deposits with Goldman Sachs and Pershing were approximately $2 million and $1 million, respectively.</div>
      <div><br />
      </div>
    </div>
    <div style="text-align: justify; text-indent: 36pt">The Company evaluates receivables from broker-dealers and clearing organizations and other receivables for collectability noting no amount was considered uncollectable as of September 30, 2020 and
      December 31, 2019. No valuation allowance is recognized for these receivables as the Company does not have a history of losses from these receivables and does not anticipate losses in the future.<font style="font-style: italic"> See &#8220;Note 11 &#8211;
        Revenue Recognition&#8221; for additional detail on the accounting policies for the revenue related to these receivables.</font></div></div></div><span></span>
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<tr class="ro">
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<td class="text"><div><div><div><div style="text-align: justify; font-style: italic; font-weight: bold">Securities Borrowed and Securities Loaned</div>
      <div>&#160;</div>
    </div>
    <div>
      <div style="text-indent: 36pt; text-align: justify">Securities borrowed are recorded at the amount of cash collateral advanced. Securities borrowed transactions require the Company to deposit cash, letters of credit, or other collateral with the
        lender. Securities loaned are recorded at the amount of cash collateral received. For securities borrowed and loaned, the Company monitors the market value of the securities and obtains or refunds collateral as necessary. </div></div></div></div><span></span>
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<td class="text"><div><div><div><div style="text-align: justify; font-style: italic; font-weight: bold">Securities Owned, at Fair Value</div>
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</tr>
<tr class="ro">
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<td class="text"><div><div><div><div style="text-align: justify; font-style: italic; font-weight: bold">Securities Sold, Not Yet Purchased, at Fair Value</div>
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      <div>&#160;</div></div></div></div><span></span>
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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>
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<td style="white-space:nowrap;">SIEB_ReceivablesFromAndPayablesToCustomersPolicyTextBlock</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for securities sold, not yet purchased, at fair value.</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 );">- 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>
<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 );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for securities borrowed or loaned by the entity. Disclosure may include a description of the business purposes for the transactions, how the transactions are recognized in the financial statements, the types of securities involved in the transactions, the method for monitoring the market value of the securities, the entity's practice and policies associated with cash deposits and collateral for the transactions, and the classification of fees and interest associated with the 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 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><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Disclosure of accounting policy for  not readily marketable securities, valuation methods and significant assumptions used to determine fair value, restrictions on the investment and reasons investments are not readily marketable, including securities that are not registered, investments in nonpublic entities.</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 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=84158767&amp;loc=d3e18780-107790<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 820<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=35710923&amp;loc=d3e45360-110995<br></p></div>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059812984">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</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_BusinessCombinationsAbstract', window );"><strong>Business Combinations [Abstract]</strong></a></td>
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<td class="text"><div><div><div><div style="text-align: justify; text-indent: 36pt">The Company acquired various assets and liabilities from StockCross which were recorded at their historical carrying amounts and summarized below:</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 78%">&#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; vertical-align: bottom; width: 1%">&#160;</td>
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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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>3,105,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Other receivables</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>627,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>346,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Securities borrowed</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>193,529,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Furniture, equipment and leasehold improvements, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>1,141,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;Deferred tax assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Total Assets acquired</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>514,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Liabilities assumed</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Payables to customers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to non-customers</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>9,151,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Drafts payable</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>1,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>963,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities loaned</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 19%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>&#160;Notes payable &#8211; related party</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>5,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;Lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">
            <div>1,295,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; background-color: rgb(204, 238, 255)">
            <div>Total Liabilities assumed</div>
          </td>
          <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; 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: 19%; background-color: rgb(204, 238, 255)">
            <div>499,211,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 2px">
            <div>&#160;</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 19%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 78%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net Assets acquired</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 19%; background-color: rgb(204, 238, 255)">
            <div>15,714,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    </div></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_ScheduleOfBusinessAcquisitionsByAcquisitionStatementOfOperationsTextBlock', window );">Schedule of Statements of Operations</a></td>
<td class="text"><div><div><div style="text-align: justify; text-indent: 36pt">The following pro forma financial statements present the statements of income of the Company as if the acquisition of StockCross had occurred on January 1, 2019, inclusive of pro forma adjustments
      (unaudited). The combined results of these pro forma financial statements are also reflected in the Company&#8217;s financial statements for the periods presented for 2019. StockCross&#8217; financial statements have already been consolidated in the Company&#8217;s
      financial statements for the periods presented for 2020:</div>
    <div><br />
    </div>
    <div style="font-style: italic; font-weight: bold">Statements of Operations</div>
    <div style="font-style: italic">Three Months Ended September 30, 2019 (unaudited)</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zf20970cc98d64aad9a7fb7810c530cef" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Three Months Ended September 30, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#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-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">StockCross</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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-weight: bold">Total Combined</div>
            <div style="text-align: center; font-weight: bold">Siebert</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Revenue</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>348,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>2,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,944,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>968,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,912,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Principal transactions</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,041,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>286,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,327,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Interest income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>23,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,038,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,061,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Market making</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Advisory fees</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Other income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>351,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>290,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>7,144,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>3,670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>10,753,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,157,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,652,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,809,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>617,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>242,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>798,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Technology and communications</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>291,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>150,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>441,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Other general and administrative</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>589,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>279,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>868,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Data processing</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>527,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>527,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Rent and occupancy</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>380,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>250,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>630,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Professional fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>439,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>344,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>783,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>244,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>244,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Interest expense</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>31,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>31,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,717,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>3,475,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(61,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>9,131,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>30,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(30,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,457,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>195,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(30,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,622,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(8,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>349,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net income / (loss)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,104,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>191,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>(22,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Net income per share of common stock</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.04</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.03</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.04</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Weighted average shares outstanding</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>27,157,188</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,152,500</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Pro forma shares used to compute net income per share</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>30,455,962</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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    <div><br />
    </div>
    <div style="font-style: italic">&#160;</div>

<div style="font-style: italic">Nine Months Ended September 30, 2019 (unaudited)</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="z98656e8a4cca43c29df7fe5ff3ba64cd" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended September 30, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#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-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">StockCross</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: middle">
            <div style="text-align: center; font-weight: bold">Total Combined</div>
            <div style="text-align: center; font-weight: bold">Siebert</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255); width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Revenue</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,030,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,102,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>7,132,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,499,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,662,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>11,161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Principal transactions</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,479,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>659,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>6,138,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Interest income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>54,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,363,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,417,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Market making</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,303,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Stock borrow / stock loan</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Advisory fees</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Other income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>816,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>633,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Revenue</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>20,634,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>11,258,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>31,709,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Employee compensation and benefits</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,882,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>4,930,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>13,812,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Clearing fees, including execution costs</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,849,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>659,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,325,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Technology and communications</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>800,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>464,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,264,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Other general and administrative</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,861,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>926,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>2,787,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Data processing</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,487,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,487,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Rent and occupancy</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>995,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>759,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,754,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>&#160;Professional fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,388,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,180,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,568,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Depreciation and amortization</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>670,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>689,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Interest expense</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Total Expenses</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>16,445,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>10,508,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(183,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>26,770,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>&#160;Earnings of equity method investment in related party</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Income before provision (benefit) for (from) income taxes</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>4,273,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>750,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>(84,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>4,939,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 2px">
            <div>&#160;Provision (benefit) for (from) income taxes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,171,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>218,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>(24,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,365,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Net income / (loss)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>3,102,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>532,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>(60,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>3,574,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">
            <div>Net income per share of common stock</div>
          </td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.11</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.09</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%">
            <div>0.12</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">
            <div>Weighted average shares outstanding</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>&#160;Basic and diluted</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>27,157,188</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>6,152,500</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 44%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Pro forma shares used to compute net income per share</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>30,455,962</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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    </div></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_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock', window );">Schedule of Statements of Financial Condition</a></td>
<td class="text"><div><div><div style="font-style: italic; font-weight: bold">Statements of Financial Condition</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" id="zf78550f4c1bd4c13b83917e5a75ea46c" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of December 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">Siebert</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">StockCross</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Pro Forma</div>
            <div style="text-align: center; font-weight: bold">Adjustments</div>
            <div style="text-align: center; font-weight: bold">(unaudited)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle">
            <div style="text-align: center; font-weight: bold">Total Combined Siebert</div>
            <div style="text-align: center; font-weight: bold">(unaudited)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle">
            <div>ASSETS</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; 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; 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; 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; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Cash and cash equivalents</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,082,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,588,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,670,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Cash and securities segregated for regulatory purposes</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>110,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>224,814,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>224,924,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Receivables from customers</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>86,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>86,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Receivables from broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,067,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,265,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(808,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,524,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Receivables from related party</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(1,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Other receivables</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>223,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>627,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>762,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Prepaid expenses and other assets</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>624,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>346,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>970,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Securities borrowed</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>193,529,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>193,529,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,018,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Total Current assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,106,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>511,518,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,896,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>517,728,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Deposits with broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,186,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,840,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(75,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>4,951,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div style="margin-left: 3.35pt">Furniture, equipment and leasehold improvements, net</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,131,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>19,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,150,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Software, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,888,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,888,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Lease right-of-use assets</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,810,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,141,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>3,951,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Equity method investment in related party</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,360,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(3,360,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Deferred tax assets</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>4,981,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>5,388,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Intangible assets, net</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,022,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,022,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255); padding-bottom: 2px">
            <div>&#160;Goodwill</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,989,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,989,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 4px">
            <div>Total Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,473,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>514,925,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>(5,331,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>538,067,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>LIABILITIES AND STOCKHOLDERS&#8217; EQUITY</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to customers</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>308,091,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Payables to non-customers</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>9,151,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,088,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,063,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Drafts payable</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>2,834,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Payables to broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(883,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Payables to related parties</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Accounts payable and accrued liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,473,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>963,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>7,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Securities loaned</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>170,443,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>116,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Interest payable</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Current portion of notes payable - related party</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>3,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>5,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>8,000,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Current portion of lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,291,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>936,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,227,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Total Current liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>5,869,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>498,852,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(1,971,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>502,750,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px">
            <div>&#160;Lease liabilities, less current portion</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,823,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>359,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,182,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Liabilities</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>7,692,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>499,211,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>(1,971,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>)</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>504,932,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Commitments and Contingencies</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>Stockholders&#8217; equity</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Common stock, $.01 par value</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>271,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>23,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>304,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
            <div>&#160;Additional paid-in capital</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>7,641,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>12,436,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(180,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>19,897,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;Retained earnings</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>12,869,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,268,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>(3,203,000</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>12,934,000</div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>20,781,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>15,714,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>(3,360,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>33,135,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%; padding-bottom: 4px">
            <div>Total Liabilities and stockholders' equity</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,473,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>514,925,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>(5,331,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>)</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%">
            <div>538,067,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%">&#160;</td>
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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_BusinessAcquisitionProFormaInformationTextBlock', window );">Schedule of Proforma Statements</a></td>
<td class="text"><div><div><div style="text-align: justify; text-indent: 36pt">The following pro forma summary presents the statements of income of the Company as if the acquisition of WP had occurred on January 1, 2019, inclusive of pro forma adjustments (unaudited). WP&#8217;s
      financial statements have already been consolidated as part of the Company&#8217;s financial statements for the periods presented for 2020.</div>
    <div><br />
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); padding-bottom: 2px; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Three Months Ended September 30, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended September 30, 2019</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; width: 52%">
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          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>14,372,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>41,191,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); width: 52%">
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          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">
            <div>$</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: 21%">
            <div>1,905,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
          <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: rgb(204, 238, 255); vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; background-color: rgb(204, 238, 255); vertical-align: bottom; text-align: right; width: 21%">
            <div>3,693,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255); vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
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            <div style="text-align: justify">Net income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>1,577,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 21%">
            <div>2,407,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>37
<FILENAME>R28.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092160902936">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_DueToAndFromBrokerDealersAndClearingOrganizationsAbstract', window );"><strong>Due to and from Broker-Dealers and Clearing Organizations [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_ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock', window );">Schedule of Amounts receivable from / payable to clearing brokers dealers, related parties and other organization</a></td>
<td class="text"><div><div><div style="text-align: justify; text-indent: 36pt">Amounts receivable from, payables to, and deposits with broker-dealers and clearing organizations consisted of the following as of the periods indicated:</div>
    <div><br />
    </div>
    <div></div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">December 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Receivables from and deposits with broker-dealers and clearing organizations</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;DTCC / OCC / NSCC</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,678,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,059,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>&#160;&#160;Goldman Sachs</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,105,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,841,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Pershing Capital</div>
          </td>
          <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; 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)">
            <div>1,279,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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)">
            <div>1,192,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>&#160;&#160;NFS</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>1,113,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>1,328,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Securities fail-to-deliver</div>
          </td>
          <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; 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)">
            <div>207,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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)">
            <div>43,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>&#160;&#160;Globalshares</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>24,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;ICBC</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>10,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Total Receivables from and deposits with broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>8,406,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>8,475,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Payables to broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Securities fail-to-receive</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>356,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div>Total Payables to broker-dealers and clearing organizations</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>356,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>523,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

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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_us-gaap_DueToAndFromBrokerDealersAndClearingOrganizationsAbstract">
<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_DueToAndFromBrokerDealersAndClearingOrganizationsAbstract</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>
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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_ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock">
<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 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>
<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_ScheduleOfDueToFromBrokerDealersAndClearingOrganizationsTextBlock</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>us-gaap_</td>
</tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059952696">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [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_ScheduleOfSecuritiesOwnedAndSoldNotYetPurchasedAtFairValueTextBlock', window );">Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value</a></td>
<td class="text"><div><div><div><div style="text-align: justify; text-indent: 36pt">The following tables present the Company's fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of the periods presented.</div>
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            <div style="text-align: center; font-weight: bold">As of September 30, 2020</div>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Level 1</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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            <div style="text-align: center; font-weight: bold">Level 2</div>
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            <div style="text-align: center; font-weight: bold">Level 3</div>
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            <div style="text-align: center; font-weight: bold">Total</div>
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            <div>Assets</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>Cash and cash equivalents</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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; vertical-align: bottom">&#160;</td>
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            <div>&#160;Certificates of deposit</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>&#160;&#160;U.S. government securities*</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,028,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>2,028,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Certificates of deposit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>91,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>91,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>120,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>120,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>765,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>343,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>1,108,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px">
            <div>&#160;&#160;Mutual funds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>133,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>133,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,926,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>554,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>3,480,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 52%">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>

    </table>
    <div>
      <div><br />
      </div>
      <div style="text-align: justify">*As of September 30, 2020, U.S. government securities mature on 08/31/2021</div>
      <div><br />
      </div>
    </div>
    <table cellspacing="0" cellpadding="0" id="z116ee13b015c456689e2684b8162fa18" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="14" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of December 31, 2019</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 1</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 2</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Level 3</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">Total</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div>Assets</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top">
            <div>Cash and cash equivalents</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Certificates of deposit</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>142,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Segregated securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>&#160;&#160;U.S. government securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;U.S. government securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,007,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,007,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>&#160;&#160;Corporate bonds</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>25,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>453,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>245,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>288,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>986,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%">
            <div>Total Securities owned, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
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            <div>270,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>288,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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        <tr>
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            <div>Liabilities</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; padding-bottom: 2px">
            <div>&#160;&#160;Equity securities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>116,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Total Securities sold, not yet purchased, at fair value</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>88,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>28,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>116,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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</td>
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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_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock', window );">Schedule of Changes in Level 3 Equity Assets</a></td>
<td class="text"><table cellspacing="0" cellpadding="0" id="z1e1c8fc0a3e348899069b2411af80da7" style="font: 10pt &#38;quot; text-align: left; color: rgb(0, 0, 0); width: 100%">

        <tr>
          <td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td rowspan="1" colspan="4" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255); text-align: center; font-weight: bold">Changes in Level 3 Equity Assets</td>
          <td rowspan="1" style="vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td rowspan="1" colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td rowspan="1" colspan="4" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; text-align: center; font-weight: bold">Nine Months Ended September 30, 2020</td>
          <td rowspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="2" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Amount</div>
          </td>
          <td colspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Valuation Technique</div>
          </td>
          <td style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; vertical-align: middle; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Reason for Change</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%">
            <div>Balance &#8211; January 1, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>288,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">
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          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;</td>
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        <tr>
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            <div>&#160;Transfers out of level 3</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>(288,000</div>
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            <div>)</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>Sale of equity security</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 29.33%">
            <div>Balance &#8211; September 30, 2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 29.33%">&#160;&#160;</td>
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</td>
</tr>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.</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 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19279-110258<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062836552">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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 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><div><div><div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, 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.</div>
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          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 64%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">December 31, 2019</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div style="text-align: justify">Assets</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: top">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; vertical-align: bottom; width: 1%">&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Lease right-of-use assets</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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>2,813,000</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</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>3,951,000</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%">
            <div style="text-align: justify">Liabilities</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 64%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">&#160;Lease liabilities</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">
            <div>3,181,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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            <div>4,409,000</div>
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<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><div><table cellspacing="0" cellpadding="0" border="0" align="center" id="z0185d15dddf349b88fb61fb15eb57890" style="width: 80%; color: #000000; font-size: 10pt; text-align: left"><tr><td style="vertical-align: bottom; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 82%"><div style="font-weight: bold">Lease Term and Discount Rate</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
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            <div style="text-align: center; font-weight: bold">As of</div>
            <div style="text-align: center; font-weight: bold">September 30, 2020</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 82%">
            <div>&#160;Weighted average remaining lease term &#8211; operating leases (in years)</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">
            <div>2.3</div>
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        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 82%; background-color: rgb(204, 238, 255)">
            <div>&#160;Weighted average discount rate &#8211; operating leases</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>5.0</div>
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            <div>%</div>
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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><div><div style="text-align: justify; text-indent: 36pt">The following table represents lease costs and other lease information. The Company has elected the practical expedient to not separate lease and non-lease components, and as such, the variable lease
      cost primarily represents variable payments such as common area maintenance and utilities which are usually determined by the leased square footage in proportion to the overall office building.</div>
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        <tr>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Three Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="6" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Nine Months Ended</div>
            <div style="text-align: center; font-weight: bold">September 30,</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
            <div style="text-align: center; font-weight: bold">2020</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom">&#160;</td>
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          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Operating lease cost</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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>609,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>509,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,755,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,268,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>&#160;Short-term lease cost</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>20,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>321,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>&#160;Variable lease cost</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>65,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>40,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>281,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">
            <div>165,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 2px">
            <div>&#160;Sublease income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 9%">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Total Rent and occupancy</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>694,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>630,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,119,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>1,754,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>Cash paid for amounts included in the measurement of lease liabilities</div>
          </td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div>&#160;Operating cash flows from operating leases</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>614,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>512,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,845,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">
            <div>1,338,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 9%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%">
            <div>Lease right-of-use assets obtained in exchange for new lease liabilities</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; vertical-align: top; width: 52%; background-color: rgb(204, 238, 255)">
            <div>&#160;Operating leases</div>
          </td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>278,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>&#8212;</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>2,353,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255)">
            <div>4,943,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
        </tr>

    </table>
    </div></div></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 Future Minimum Base Rental Payment</a></td>
<td class="text"><div><div><div><div style="text-align: justify; text-indent: 36pt">Future annual minimum payments for operating leases with initial terms of greater than one year as of September 30, 2020 were as follows:</div>
    <div><br />
    </div>
    <table cellspacing="0" cellpadding="0" border="0" align="center" id="zf149bd2741b3469d80247185e0cdf8b5" style="width: 60%; color: #000000; font-size: 10pt; text-align: left">

        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 78%">
            <div style="font-weight: bold">Year</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: top; background-color: rgb(204, 238, 255)">
            <div style="text-align: center; font-weight: bold">Amount</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: middle; width: 78%">
            <div>&#160;2020</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
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            <div>$</div>
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            <div>3,181,000</div>
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<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=121609121&amp;loc=SL77918686-209980<br></p></div>
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<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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062890696">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Notes Payable - Related Party (Tables)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
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<td class="text"><div><div><div><div style="text-align: justify; text-indent: 36pt">As of September 30, 2020, the Company had various notes payable to Gloria E. Gebbia, the Company&#8217;s principal stockholder, the details of which are presented below:<br />
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            <div style="font-weight: bold">Description</div>
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            <div style="text-align: center; font-weight: bold">Issuance Date</div>
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            <div>3,000,000</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 36%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 15%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 15%">&#160;</td>
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            <div>&#160;&#160;4% due November 30, 2021**</div>
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            <div>3,000,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>$</div>
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            <div>6,000,000</div>
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    <div style="text-align: justify">*The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.</div>
    <div style="text-align: justify">**This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.</div></div></div></div><span></span>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; background-color: rgb(204, 238, 255); width: 26%">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%">&#160;</td>
          <td colspan="2" style="vertical-align: bottom; vertical-align: top; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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; 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; 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; 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>
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          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;&#160;&#160;&#160;&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Commissions and fees</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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            <div>4,679,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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            <div>2,273,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>15,149,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>7,132,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,342,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,327,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,126,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; 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>6,138,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>423,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>330,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,508,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
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            <div>1,303,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
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            <div>1,267,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; 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>349,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; 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>2,482,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; 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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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>305,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>211,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>810,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>572,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
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        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>Total Trading Execution and Clearing Services</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>9,016,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>5,490,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>28,075,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>16,498,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>Other Income</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
            <div>&#160;Margin interest, marketing and distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Margin interest</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,130,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,068,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>6,465,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>8,755,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div>&#160;12b1 fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>181,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>844,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>1,265,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>2,406,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Total Margin interest, marketing and</div>
            <div>&#160;distribution fees</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>2,311,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,912,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>7,730,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>11,161,000</div>
          </td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">&#160;</td>
        </tr>
        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%">
            <div>&#160;Interest income</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%">
            <div>915,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>1,061,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,155,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; vertical-align: bottom; text-align: right; width: 11%">
            <div>3,417,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>333,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>290,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>1,035,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>633,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">
            <div style="text-align: justify">Recorded as earned</div>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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        <tr>
          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; background-color: rgb(204, 238, 255)">
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>3,559,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>5,263,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>11,920,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <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; 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: 11%; background-color: rgb(204, 238, 255)">
            <div>15,211,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; background-color: rgb(204, 238, 255)">&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 2px">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; text-align: right; width: 11%">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 2px solid; vertical-align: bottom; width: 1%">&#160;</td>
          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 2px">&#160;&#160;&#160;&#160;&#160;&#160;</td>
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          <td style="vertical-align: bottom; white-space: nowrap; vertical-align: top; width: 26%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">
            <div>Total Revenue</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; vertical-align: bottom; width: 1%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>12,575,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>10,753,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>39,995,000</div>
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          <td colspan="1" style="vertical-align: bottom; white-space: nowrap; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">&#160;</td>
          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255)">
            <div>$</div>
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          <td colspan="1" style="vertical-align: bottom; border-bottom: rgb(0, 0, 0) 4px double; vertical-align: bottom; text-align: right; width: 11%; background-color: rgb(204, 238, 255)">
            <div>31,709,000</div>
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          <td style="vertical-align: bottom; vertical-align: top; width: 18%; padding-bottom: 4px; background-color: rgb(204, 238, 255)">&#160;</td>
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<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">The following table presents each revenue category and its related performance obligation:</div>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Tabular disclosure of performance obligation.</p></div>
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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>Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single 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>
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</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092056649400">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Organization and Basis of Presentation (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jan. 07, 2020</div></th>
<th class="th"><div>Jun. 22, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Jan. 25, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.01<span></span>
</td>
<td class="nump">$ 0.01<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_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations', window );">Deposits with and other non current receivables from multiple broker-dealers and clearing organizations</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,100,000<span></span>
</td>
<td class="nump">$ 1,900,000<span></span>
</td>
<td class="text">&#160;<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_FinancingReceivablePortfolioSegmentAxis=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>
<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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<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_EquityMethodInvestmentOwnershipPercentage', window );">Equity method investment in StockCross</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>
<td class="nump">15.00%<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_PercentageOfRemainingInterestInStockCrossPurchased', window );">Percentage of remaining interest in StockCross purchased</a></td>
<td class="nump">85.00%<span></span>
</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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesAcquisitions', window );">Issuance of common stock in StockCross acquisition</a></td>
<td class="nump">3,298,774<span></span>
</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="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_Deposits', window );">Cash clearing deposits</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="nump">75,000<span></span>
</td>
<td class="text">&#160;<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_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember', window );">NFS [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>
<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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<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_Deposits', window );">Cash clearing deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">50,000<span></span>
</td>
<td class="nump">50,000<span></span>
</td>
<td class="text">&#160;<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_FinancingReceivablePortfolioSegmentAxis=SIEB_GoldmanSachsMember', window );">Goldman Sachs [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>
<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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<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_Deposits', window );">Cash clearing deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,000,000<span></span>
</td>
<td class="nump">2,000,000<span></span>
</td>
<td class="text">&#160;<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_FinancingReceivablePortfolioSegmentAxis=SIEB_PershingMember', window );">Pershing [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>
<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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<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_Deposits', window );">Cash clearing deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,000,000<span></span>
</td>
<td class="nump">$ 1,000,000<span></span>
</td>
<td class="text">&#160;<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_WPSPrimeServicesLLCMember', window );">WPS Prime Services, LLC [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>
<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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<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_PaymentsToAcquireBusinessesGross', window );">Purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 7,300,000<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_SIEB_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations">
<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>Deposits with and other non current receivables from broker-dealers and 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;">SIEB_DepositsAndOtherReceivablesFromBrokerdealersAndClearingOrganizations</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_PercentageOfRemainingInterestInStockCrossPurchased">
<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 remaining interest in StockCross purchased.</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_PercentageOfRemainingInterestInStockCrossPurchased</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>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_BusinessAcquisitionLineItems">
<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_BusinessAcquisitionLineItems</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_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=120391452&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_Deposits">
<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 aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.</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 210.9-03.12)<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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_Deposits</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_EquityMethodInvestmentOwnershipPercentage">
<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 percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.</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)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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_EquityMethodInvestmentOwnershipPercentage</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_PaymentsToAcquireBusinessesGross">
<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 acquisition of business during the period. The cash portion only of the acquisition price.</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 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(1)<br> -URI http://asc.fasb.org/extlink&amp;oid=120321790&amp;loc=d3e6927-128479<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 13<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&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_PaymentsToAcquireBusinessesGross</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_StockIssuedDuringPeriodSharesAcquisitions">
<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 stock issued during the period pursuant to acquisitions.</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=120391452&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 S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<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(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_StockIssuedDuringPeriodSharesAcquisitions</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>duration</td>
</tr>
</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_FinancingReceivablePortfolioSegmentAxis=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;">us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_StockCrossMember</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_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember">
<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_FinancingReceivablePortfolioSegmentAxis=SIEB_NFSMember</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_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_GoldmanSachsMember">
<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_FinancingReceivablePortfolioSegmentAxis=SIEB_GoldmanSachsMember</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_us-gaap_FinancingReceivablePortfolioSegmentAxis=SIEB_PershingMember">
<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_FinancingReceivablePortfolioSegmentAxis=SIEB_PershingMember</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_us-gaap_BusinessAcquisitionAxis=SIEB_WPSPrimeServicesLLCMember">
<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_BusinessAcquisitionAxis=SIEB_WPSPrimeServicesLLCMember</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>
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</html>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092058256664">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2"></th>
</tr>
<tr>
<th class="th"><div>Dec. 01, 2019</div></th>
<th class="th"><div>Sep. 05, 2019</div></th>
<th class="th"><div>Jan. 31, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Jan. 02, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsForRepurchaseOfEquity', window );">Purchase of StockCross common stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 3,425,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ProceedsFromSaleOfTreasuryStock', window );">Treasury stock sales - StockCross</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"> <span></span>
</td>
<td class="nump">$ 172,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EstimatedEffectiveTaxRate', window );">Estimated effective tax rate</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>
<td class="nump">28.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</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="nump">1,989,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,989,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PaymentsOfCapitalDistribution', window );">Return of capital distribution</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"> <span></span>
</td>
<td class="nump">$ 1,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_UnrelatedPartyMember', window );">Unrelated party [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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PaymentsForRepurchaseOfEquity', window );">Purchase of StockCross common stock</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>
<td class="nump">$ 3,665,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_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>
<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>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Ownership percentage acquired</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet', window );">Purchase price</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 29,750,000<span></span>
</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>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued', window );">Purchase price in shares as restricted stock</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,298,774<span></span>
</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>
<td class="fn" style="border-bottom: 0px;"></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_EstimatedEffectiveTaxRate', window );">Estimated effective tax rate</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>
<td class="nump">28.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PaymentsOfCapitalDistribution', window );">Return of capital distribution</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,600,000<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ProceedsFromContributedCapital', window );">Proceeds from return of captial</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 241,000<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockCrossMergedWithMSCOMember', window );">When StockCross Merged with 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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Ownership percentage acquired</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>
<td class="text">&#160;<span></span>
</td>
<td class="nump">85.00%<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_WPMember', window );">WP [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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Ownership percentage acquired</a></td>
<td class="nump">100.00%<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EstimatedEffectiveTaxRate', window );">Estimated effective tax rate</a></td>
<td class="nump">28.00%<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 1,989,000<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="9"></td></tr>
<tr><td colspan="9"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_EstimatedEffectiveTaxRate">
<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>Estimated effective tax rate.</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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<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 equity interests issued or issuable to acquire 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 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120321790&amp;loc=d3e6927-128479<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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<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>
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</div></td></tr>
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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>Percentage of voting equity interests acquired at the acquisition date in the business combination.</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 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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_BusinessAcquisitionPercentageOfVotingInterestsAcquired</td>
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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>
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<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet">
<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 recognized for assets, including goodwill, in excess of (less than) the aggregate liabilities assumed.</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 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet</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>
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<td><strong> Period 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>Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</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 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120320667&amp;loc=SL49117168-202975<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13770-109266<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_Goodwill</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsForRepurchaseOfEquity">
<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 to reacquire common and preferred 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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<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_PaymentsForRepurchaseOfEquity</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>Cash outflow to owners or shareholders, excluding ordinary dividends. Includes special dividends.</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 15<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3291-108585<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_PaymentsOfCapitalDistribution</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>The cash inflow associated with the amount received by a corporation from a shareholder 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 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<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>
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<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_ProceedsFromSaleOfTreasuryStock">
<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 inflow from the issuance of an equity stock that has been previously reacquired by the 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 14<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<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_ProceedsFromSaleOfTreasuryStock</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_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_UnrelatedPartyMember">
<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_UnrelatedPartyMember</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_us-gaap_BusinessAcquisitionAxis=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;">us-gaap_BusinessAcquisitionAxis=SIEB_StockCrossMember</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_us-gaap_BusinessAcquisitionAxis=SIEB_StockCrossMergedWithMSCOMember">
<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_BusinessAcquisitionAxis=SIEB_StockCrossMergedWithMSCOMember</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_us-gaap_BusinessAcquisitionAxis=SIEB_WPMember">
<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_BusinessAcquisitionAxis=SIEB_WPMember</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>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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092056608680">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Acquisitions (Schedule of Assets Acquired and Liabilities Assumed) (Details) - StockCross [Member]<br></strong></div></th>
<th class="th">
<div>Dec. 31, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract', window );"><strong>Assets acquired</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents', window );">Cash and cash equivalents</a></td>
<td class="nump">$ 1,588,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="nump">224,814,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="nump">86,331,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="nump">3,105,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables', window );">Other receivables</a></td>
<td class="nump">627,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets', window );">Prepaid expenses and other assets</a></td>
<td class="nump">346,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="nump">193,529,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue', window );">Securities owned, at fair value</a></td>
<td class="nump">3,018,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="nump">19,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets', window );">Lease right-of-use assets</a></td>
<td class="nump">1,141,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets', window );">Deferred tax assets</a></td>
<td class="nump">407,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets', window );">Total Assets acquired</a></td>
<td class="nump">514,925,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract', window );"><strong>Liabilities assumed</strong></a></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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable', window );">Payables to customers</a></td>
<td class="nump">308,091,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer', window );">Payables to non-customers</a></td>
<td class="nump">9,151,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable', window );">Drafts payable</a></td>
<td class="nump">2,834,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="nump">1,406,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">963,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned', window );">Securities loaned</a></td>
<td class="nump">170,443,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="nump">28,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt', window );">Notes payable - related party</a></td>
<td class="nump">5,000,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation', window );">Lease liabilities</a></td>
<td class="nump">1,295,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities', window );">Total Liabilities assumed</a></td>
<td class="nump">499,211,000<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet', window );">Net Assets acquired</a></td>
<td class="nump">$ 15,714,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations">
<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>Cash segregated under federal regulations.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashSegregatedUnderFederalRegulations</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities">
<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 incurred for goods and services received that are used in an entity's business and related party payables and accrued liabilities, assumed at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableAndAccruedLiabilities</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer">
<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 incurred for goods and services received that are used in an entity's business and related party payables to non customers, assumed at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayableNonCustomer</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable">
<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 incurred for drafts payable, assumed at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesDraftsPayable</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets">
<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 lease right of use assets recognized as of the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLeaseRightOfUseAssets</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations">
<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 payables to broker-dealers and clearing organizations assumed at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesPayablesToBrokerdealersAndClearingOrganizations</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned">
<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 securities loaned, assumed at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesSecuritiesLoaned</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables">
<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 amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherReceivables</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers">
<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 customers at the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedReceivablesFromCustomers</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed">
<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 securities borrowed recognized as of the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesBorrowed</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue">
<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 securities owned fair value recognized as of the acquisition date.</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSecuritiesOwnedAtFairValue</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets">
<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 assets acquired at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract">
<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssetsAbstract</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation">
<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 obligation assumed in business combination.</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 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents">
<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, acquired at the acquisition date. 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.</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 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets">
<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 that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables">
<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 customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable">
<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 incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets">
<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 tax asset attributable to deductible temporary differences and carryforwards acquired at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities">
<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 assumed at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract">
<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesAbstract</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet">
<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 recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.</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 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -URI http://asc.fasb.org/extlink&amp;oid=121600890&amp;loc=d3e2207-128464<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt">
<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 long-term debt due after one year or the normal operating cycle, if longer, assumed at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesLongTermDebt</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther">
<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 liabilities due after one year or the normal operating cycle, if longer, assumed at the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther</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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment">
<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 property, plant, and equipment recognized as of the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -URI http://asc.fasb.org/extlink&amp;oid=121600890&amp;loc=d3e2207-128464<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment</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:monetaryItemType</td>
</tr>
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<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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessAcquisitionAxis=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;">us-gaap_BusinessAcquisitionAxis=SIEB_StockCrossMember</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>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
<td></td>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092050406280">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Schedule of Statements of Operations (unaudited)) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="6">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Jun. 30, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenuesAbstract', window );"><strong>Revenue</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">$ 4,679,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 2,273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,149,000<span></span>
</td>
<td class="nump">$ 7,132,000<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_RevenueFromMarginInterestMarketingAndDistributionFees', window );">Margin interest, marketing and distribution fees</a></td>
<td class="nump">2,311,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,912,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,730,000<span></span>
</td>
<td class="nump">11,161,000<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">2,342,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,327,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,126,000<span></span>
</td>
<td class="nump">6,138,000<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 );">Interest income</a></td>
<td class="nump">915,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,061,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,155,000<span></span>
</td>
<td class="nump">3,417,000<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_MarketMakingIncome', window );">Market making</a></td>
<td class="nump">423,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">330,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,508,000<span></span>
</td>
<td class="nump">1,303,000<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_StockLoanIncome', window );">Stock borrow / stock loan</a></td>
<td class="nump">1,267,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,482,000<span></span>
</td>
<td class="nump">1,353,000<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_AdvisoryFeesRevenue', window );">Advisory fees</a></td>
<td class="nump">305,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">810,000<span></span>
</td>
<td class="nump">572,000<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_OtherIncome', window );">Other income</a></td>
<td class="nump">333,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">290,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,035,000<span></span>
</td>
<td class="nump">633,000<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_Revenues', window );">Total Revenue</a></td>
<td class="nump">12,575,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,753,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,995,000<span></span>
</td>
<td class="nump">31,709,000<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_OperatingExpensesAbstract', window );"><strong>Expenses</strong></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>
<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 " 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">6,584,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,809,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,489,000<span></span>
</td>
<td class="nump">13,812,000<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_FloorBrokerageExchangeAndClearanceFees', window );">Clearing fees, including execution costs</a></td>
<td class="nump">1,270,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">798,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,907,000<span></span>
</td>
<td class="nump">2,325,000<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_TechnologyAndCommunications', window );">Technology and communications</a></td>
<td class="nump">1,322,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">441,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,256,000<span></span>
</td>
<td class="nump">1,264,000<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_OtherGeneralAndAdministrativeExpense', window );">Other general and administrative</a></td>
<td class="nump">455,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">868,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,710,000<span></span>
</td>
<td class="nump">2,787,000<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_InformationTechnologyAndDataProcessing', window );">Data processing</a></td>
<td class="nump">784,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">527,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,387,000<span></span>
</td>
<td class="nump">1,487,000<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_OccupancyNet', window );">Rent and occupancy</a></td>
<td class="nump">694,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">630,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,119,000<span></span>
</td>
<td class="nump">1,754,000<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_ProfessionalFees', window );">Professional fees</a></td>
<td class="nump">760,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">783,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,159,000<span></span>
</td>
<td class="nump">2,568,000<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">368,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">244,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,193,000<span></span>
</td>
<td class="nump">689,000<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_InterestExpense', window );">Interest expense</a></td>
<td class="nump">89,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">253,000<span></span>
</td>
<td class="nump">84,000<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">12,480,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">37,900,000<span></span>
</td>
<td class="nump">26,770,000<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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</a></td>
<td class="nump">95,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,622,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,095,000<span></span>
</td>
<td class="nump">4,939,000<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 (benefit) for (from) income taxes</a></td>
<td class="num">(486,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">39,000<span></span>
</td>
<td class="nump">1,365,000<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 / (loss)</a></td>
<td class="nump">$ 581,000<span></span>
</td>
<td class="nump">$ 499,000<span></span>
</td>
<td class="nump">$ 976,000<span></span>
</td>
<td class="nump">$ 1,273,000<span></span>
</td>
<td class="nump">$ 1,079,000<span></span>
</td>
<td class="nump">$ 1,224,000<span></span>
</td>
<td class="nump">$ 2,056,000<span></span>
</td>
<td class="nump">$ 3,574,000<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_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Net income per share of common stock</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted</a></td>
<td class="nump">$ 0.02<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.07<span></span>
</td>
<td class="nump">$ 0.12<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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract', window );"><strong>Weighted average shares outstanding</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Basic and diluted</a></td>
<td class="nump">30,653,710<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,455,962<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,565,822<span></span>
</td>
<td class="nump">30,455,962<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_SiebertMember', window );">Siebert [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>
<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 " 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>
<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>
<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 );">Commissions and fees</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="nump">$ 1,925,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 6,030,000<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 );">Margin interest, marketing and distribution fees</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="nump">2,944,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,499,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,041,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,479,000<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 income</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="nump">23,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">54,000<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_MarketMakingIncome', window );">Market making</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"> <span></span>
</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"> <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_StockLoanIncome', window );">Stock borrow / stock loan</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">572,000<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_OtherIncome', window );">Other income</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,144,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,634,000<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>
<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>
<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,157,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,882,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">617,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,849,000<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_TechnologyAndCommunications', window );">Technology and communications</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="nump">291,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">800,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">589,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,861,000<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_InformationTechnologyAndDataProcessing', window );">Data processing</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">380,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">995,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">439,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,388,000<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_DepreciationAndAmortization', window );">Depreciation and amortization</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="nump">244,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">670,000<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_InterestExpense', window );">Interest expense</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"> <span></span>
</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"> <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_OperatingExpenses', window );">Total Expenses</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="nump">5,717,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,445,000<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 in related party</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="nump">30,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">84,000<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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</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="nump">1,457,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,273,000<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 (benefit) for (from) income taxes</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="nump">353,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,171,000<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_NetIncomeLoss', window );">Net income / (loss)</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="nump">$ 1,104,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,102,000<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_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Net income per share of common stock</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted</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="nump">$ 0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.11<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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract', window );"><strong>Weighted average shares outstanding</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Basic and diluted</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="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>
<td class="nump">27,157,188<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_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>
<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>
<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_RevenuesAbstract', window );"><strong>Revenue</strong></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>
<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="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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 348,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,102,000<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 );">Margin interest, marketing and distribution fees</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="nump">968,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,662,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">286,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">659,000<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 income</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="nump">1,038,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,363,000<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_MarketMakingIncome', window );">Market making</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="nump">330,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,303,000<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_StockLoanIncome', window );">Stock borrow / stock loan</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="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,353,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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_OtherIncome', window );">Other income</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="nump">351,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">816,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,670,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,258,000<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>
<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>
<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,652,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,930,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">242,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">659,000<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_TechnologyAndCommunications', window );">Technology and communications</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="nump">150,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">464,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">279,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">926,000<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_InformationTechnologyAndDataProcessing', window );">Data processing</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="nump">527,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,487,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<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>
<td class="text">&#160;<span></span>
</td>
<td class="nump">759,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">344,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,180,000<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_DepreciationAndAmortization', window );">Depreciation and amortization</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"> <span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19,000<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_InterestExpense', window );">Interest expense</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="nump">31,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">84,000<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_OperatingExpenses', window );">Total Expenses</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="nump">3,475,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,508,000<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 in related party</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"> <span></span>
</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"> <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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</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="nump">195,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">750,000<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 (benefit) for (from) income taxes</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="nump">4,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">218,000<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 / (loss)</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="nump">$ 191,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 532,000<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_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Net income per share of common stock</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted</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="nump">$ 0.03<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.09<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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract', window );"><strong>Weighted average shares outstanding</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Basic and diluted</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="nump">6,152,500<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,152,500<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_ProFormaAdjustmentsMember', window );">Pro Forma Adjustments (unaudited) [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>
<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 " 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>
<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>
<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 );">Commissions and fees</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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 income</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"> <span></span>
</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"> <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_MarketMakingIncome', window );">Market making</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"> <span></span>
</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"> <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_StockLoanIncome', window );">Stock borrow / stock loan</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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_OtherIncome', window );">Other income</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="num">(61,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(183,000)<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(61,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(183,000)<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>
<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>
<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(61,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(183,000)<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_TechnologyAndCommunications', window );">Technology and communications</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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_InformationTechnologyAndDataProcessing', window );">Data processing</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"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</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"> <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_DepreciationAndAmortization', window );">Depreciation and amortization</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"> <span></span>
</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"> <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_InterestExpense', window );">Interest expense</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"> <span></span>
</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"> <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_OperatingExpenses', window );">Total Expenses</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="num">(61,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(183,000)<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 in related party</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="num">(30,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(84,000)<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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</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="num">(30,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(84,000)<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 (benefit) for (from) income taxes</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="num">(8,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(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_NetIncomeLoss', window );">Net income / (loss)</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="num">(22,000)<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(60,000)<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_CombinedSiebertMember', window );">Total Combined Siebert (unaudited) [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>
<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 " 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>
<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>
<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 );">Commissions and fees</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="nump">2,273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,132,000<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 );">Margin interest, marketing and distribution fees</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="nump">3,912,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">11,161,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,327,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">6,138,000<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 income</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="nump">1,061,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,417,000<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_MarketMakingIncome', window );">Market making</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="nump">330,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,303,000<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_StockLoanIncome', window );">Stock borrow / stock loan</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="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,353,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">211,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">572,000<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_OtherIncome', window );">Other income</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="nump">290,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">633,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,753,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">31,709,000<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>
<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>
<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,809,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">13,812,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">798,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,325,000<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_TechnologyAndCommunications', window );">Technology and communications</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="nump">441,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,264,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">868,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,787,000<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_InformationTechnologyAndDataProcessing', window );">Data processing</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="nump">527,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,487,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">630,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,754,000<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">783,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,568,000<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_DepreciationAndAmortization', window );">Depreciation and amortization</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="nump">244,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">689,000<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_InterestExpense', window );">Interest expense</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="nump">31,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">84,000<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_OperatingExpenses', window );">Total Expenses</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="nump">9,131,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">26,770,000<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 in related party</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"> <span></span>
</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"> <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_ProfitLoss', window );">Income before provision (benefit) for (from) income taxes</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="nump">1,622,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,939,000<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 (benefit) for (from) income taxes</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="nump">349,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,365,000<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 / (loss)</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="nump">$ 1,273,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,574,000<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_EarningsPerShareBasicAndDilutedAbstract', window );"><strong>Net income per share of common stock</strong></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>
<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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted</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="nump">$ 0.04<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0.12<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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract', window );"><strong>Weighted average shares outstanding</strong></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>
<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_SIEB_ProFormaSharesUsedToComputeNetIncomePerShare', window );">Pro forma shares used to compute net income per share</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="nump">30,455,962<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">30,455,962<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_MarketMakingIncome">
<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>Market making 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_MarketMakingIncome</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_ProFormaSharesUsedToComputeNetIncomePerShare">
<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>Pro forma shares used to compute net income per share.</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_ProFormaSharesUsedToComputeNetIncomePerShare</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:sharesItemType</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_StockLoanIncome">
<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>Stock borrow / stock loan 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_StockLoanIncome</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_TechnologyAndCommunications">
<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>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_TechnologyAndCommunications</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_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=121586364&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=121326447&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_EarningsPerShareBasicAndDilutedAbstract">
<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_EarningsPerShareBasicAndDilutedAbstract</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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract">
<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_EarningsPerShareBasicAndDilutedOtherDisclosuresAbstract</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_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_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=120395209&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=120400993&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=121586364&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=120399700&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=120311839&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 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<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 (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&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 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=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: 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=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<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(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<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_InformationTechnologyAndDataProcessing">
<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 expenses incurred in the period for information technology and data processing products and services.</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 210.5-03.6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&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_InformationTechnologyAndDataProcessing</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>
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</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=120399700&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>
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</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_InterestExpense">
<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 the cost of borrowed funds accounted for as interest 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 835<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6450988&amp;loc=d3e26243-108391<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28555-108399<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 (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&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 (210.5-03(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&amp;loc=SL114868664-224227<br><br>Reference 5: 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 210.9-04.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120399700&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_InterestExpense</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
<td><strong> Data Type:</strong></td>
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</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><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=120395209&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_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=121641772&amp;loc=SL7669619-108580<br><br>Reference 2: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 31<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8924-108599<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 11<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22694-107794<br><br>Reference 4: 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-SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 18: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22583-107794<br><br>Reference 19: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 20: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 260<br> -SubTopic 10<br> -Section 45<br> -Paragraph 60B<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=121326447&amp;loc=SL5780133-109256<br><br>Reference 21: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 22: 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=120311839&amp;loc=d3e8933-108599<br><br>Reference 23: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<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=120399700&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=120395209&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=121616839&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>
</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_OperatingExpensesAbstract">
<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>
</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_OtherGeneralAndAdministrativeExpense">
<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=120395209&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>
</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_OtherIncome">
<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 and income 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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<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_OtherIncome</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_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_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=120401555&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>
</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_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>
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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">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_ProfitLoss</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 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>
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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">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">us-gaap_Revenues</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>
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<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 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 class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td></tr>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092051677864">
<tr>
<th class="tl" colspan="2" rowspan="1"><div style="width: 200px;"><strong>Acquisitions (Schedule of Statements of Financial Condition) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 4,536,000<span></span>
</td>
<td class="nump">$ 4,670,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 5,883,000<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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">263,980,000<span></span>
</td>
<td class="nump">224,924,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="nump">$ 194,369,000<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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">91,842,000<span></span>
</td>
<td class="nump">86,331,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,312,000<span></span>
</td>
<td class="nump">3,524,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">873,000<span></span>
</td>
<td class="nump">762,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,444,000<span></span>
</td>
<td class="nump">970,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">283,757,000<span></span>
</td>
<td class="nump">193,529,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">3,480,000<span></span>
</td>
<td class="nump">3,018,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">653,224,000<span></span>
</td>
<td class="nump">517,728,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,094,000<span></span>
</td>
<td class="nump">4,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">850,000<span></span>
</td>
<td class="nump">1,150,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,503,000<span></span>
</td>
<td class="nump">1,888,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,813,000<span></span>
</td>
<td class="nump">3,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">5,239,000<span></span>
</td>
<td class="nump">5,388,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">850,000<span></span>
</td>
<td class="nump">1,022,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,989,000<span></span>
</td>
<td class="nump">1,989,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">673,452,000<span></span>
</td>
<td class="nump">538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">342,156,000<span></span>
</td>
<td class="nump">308,091,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">9,346,000<span></span>
</td>
<td class="nump">8,063,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,635,000<span></span>
</td>
<td class="nump">2,834,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">356,000<span></span>
</td>
<td class="nump">523,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">2,754,000<span></span>
</td>
<td class="nump">2,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">266,777,000<span></span>
</td>
<td class="nump">170,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">25,000<span></span>
</td>
<td class="nump">116,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,633,000<span></span>
</td>
<td class="nump">2,227,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">628,679,000<span></span>
</td>
<td class="nump">502,750,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">1,548,000<span></span>
</td>
<td class="nump">2,182,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_Liabilities', window );">Total Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">637,134,000<span></span>
</td>
<td class="nump">504,932,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text"> <span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommonStockValue', window );">Common stock, $.01 par value</a></td>
<td class="th" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">306,000<span></span>
</td>
<td class="nump">304,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">21,022,000<span></span>
</td>
<td class="nump">19,897,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">14,990,000<span></span>
</td>
<td class="nump">12,934,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_StockholdersEquity', window );">Total Stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">36,318,000<span></span>
</td>
<td class="nump">33,135,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<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_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="nump">$ 673,452,000<span></span>
</td>
<td class="nump">538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
<td class="text">&#160;<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_SiebertMember', window );">Siebert [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,082,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">110,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueFromRelatedPartiesCurrent', window );">Receivables from related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OtherReceivables', window );">Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">223,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">624,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,106,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,186,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,131,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,888,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,810,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EquityMethodInvestmentAggregateCost', window );">Equity method investment in related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,360,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,981,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,022,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,989,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,473,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueToRelatedPartiesCurrent', window );">Payables to related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,473,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">88,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_NotesPayableRelatedPartiesCurrentAndNoncurrent', window );">Notes payable - related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,291,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,869,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,823,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,692,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">271,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,641,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,869,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">20,781,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,473,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_StockCrossMember', window );">StockCross [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,588,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">224,814,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">86,331,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,265,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueFromRelatedPartiesCurrent', window );">Receivables from related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OtherReceivables', window );">Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">627,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">346,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">193,529,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,018,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">511,518,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,840,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,141,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EquityMethodInvestmentAggregateCost', window );">Equity method investment in related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">407,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">514,925,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">308,091,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">9,151,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,834,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,406,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueToRelatedPartiesCurrent', window );">Payables to related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">963,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">170,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">28,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_NotesPayableRelatedPartiesCurrentAndNoncurrent', window );">Notes payable - related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">936,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">498,852,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">359,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Liabilities', window );">Total Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">499,211,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommonStockValue', window );">Common stock, $.01 par value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,436,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,268,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquity', window );">Total Stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15,714,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">514,925,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_ProFormaAdjustmentsMember', window );">Pro Forma Adjustments (unaudited) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(808,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueFromRelatedPartiesCurrent', window );">Receivables from related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,000,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OtherReceivables', window );">Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(88,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,896,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(75,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EquityMethodInvestmentAggregateCost', window );">Equity method investment in related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,360,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,331,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,088,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(883,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueToRelatedPartiesCurrent', window );">Payables to related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(7,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">7,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_NotesPayableRelatedPartiesCurrentAndNoncurrent', window );">Notes payable - related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,971,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(1,971,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">23,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(180,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,203,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(3,360,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="num">(5,331,000)<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_CombinedSiebertMember', window );">Total Combined Siebert (unaudited) [Member]</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,670,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations', window );">Cash and securities segregated for regulatory purposes</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">224,924,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromCustomers', window );">Receivables from customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">86,331,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ReceivablesFromBrokersDealersAndClearingOrganizations', window );">Receivables from broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,524,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueFromRelatedPartiesCurrent', window );">Receivables from related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OtherReceivables', window );">Other receivables</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">762,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PrepaidExpenseAndOtherAssetsCurrent', window );">Prepaid expenses and other assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">970,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowed', window );">Securities borrowed</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">193,529,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned', window );">Securities owned, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,018,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsCurrent', window );">Total Current assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">517,728,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DepositsAssetsNoncurrent', window );">Deposits with broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PropertyPlantAndEquipmentNet', window );">Furniture, equipment and leasehold improvements, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,150,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CapitalizedComputerSoftwareNet', window );">Software, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,888,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_EquityMethodInvestmentAggregateCost', window );">Equity method investment in related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DeferredIncomeTaxAssetsNet', window );">Deferred tax assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,388,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,022,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Goodwill', window );">Goodwill</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,989,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Assets', window );">Total Assets</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToCustomers', window );">Payables to customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">308,091,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToNoncustomers', window );">Payables to non-customers</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,063,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DraftsPayable', window );">Drafts payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,834,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_PayablesToBrokerDealersAndClearingOrganizations', window );">Payables to broker-dealers and clearing organizations</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">523,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DueToRelatedPartiesCurrent', window );">Payables to related parties</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AccountsPayableAndAccruedLiabilitiesCurrent', window );">Accounts payable and accrued liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesLoaned', window );">Securities loaned</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">170,443,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">116,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_InterestPayableCurrent', window );">Interest payable</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">10,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_NotesPayableRelatedPartiesCurrentAndNoncurrent', window );">Notes payable - related party</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">8,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityCurrent', window );">Current portion of lease liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,227,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesCurrent', window );">Total Current liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">502,750,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_OperatingLeaseLiabilityNoncurrent', window );">Lease liabilities, less current portion</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,182,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_Liabilities', window );">Total Liabilities</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">504,932,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommitmentsAndContingencies', window );">Commitments and Contingencies</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquityAbstract', window );"><strong>Stockholders' equity</strong></a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CommonStockValue', window );">Common stock, $.01 par value</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">304,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">19,897,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_RetainedEarningsAccumulatedDeficit', window );">Retained earnings</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">12,934,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_StockholdersEquity', window );">Total Stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">33,135,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<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_LiabilitiesAndStockholdersEquity', window );">Total Liabilities and stockholders' equity</a></td>
<td class="th" style="border-bottom: 0px;"><sup></sup></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 538,067,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">Shares outstanding as of December 31, 2019 represents the combined total of the Company's shares outstanding and the shares issued for the Company's acquisition of StockCross. See "Note 1 - Organization and Basis of Presentation" for additional detail.</td>
</tr>
</table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_PayablesToNoncustomers">
<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>Payables to non-customers.</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_PayablesToNoncustomers</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_srt_DraftsPayable">
<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 draft payable by 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_DraftsPayable</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_PayablesToBrokerDealersAndClearingOrganizations">
<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 other broker-dealer and clearing organization, including, but not limited to, security failed-to-receive, deposit received for security loaned, open transaction, and floor-brokerage payable.</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_PayablesToBrokerDealersAndClearingOrganizations</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_PayablesToCustomers">
<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 customer by 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_PayablesToCustomers</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_AccountsPayableAndAccruedLiabilitiesCurrent">
<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 and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</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 210.5-02.19,20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_AccountsPayableAndAccruedLiabilitiesCurrent</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=120391452&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=120398452&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 235<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.4-08(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&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 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://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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 5: 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 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 6: 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 (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 7: 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=120311839&amp;loc=d3e8736-108599<br><br>Reference 8: 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=120400017&amp;loc=d3e572229-122910<br><br>Reference 9: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 10: 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 30<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<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_AssetsCurrent">
<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 expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). 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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 3<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6801-107765<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 25<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 5: 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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: 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 210.5-02.9)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 7: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 8: 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> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<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_AssetsCurrent</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_CapitalizedComputerSoftwareNet">
<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 carrying amount of capitalized computer software costs net of accumulated amortization 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 985<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<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_CapitalizedComputerSoftwareNet</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=121586364&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=121566466&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=120391452&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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations">
<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 subject to withdrawal restrictions, restricted deposits held as compensating balances, and cash and securities segregated in compliance with regulations (such as cash deposited in a special reserve account for the exclusive benefit of customers).</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_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations</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=120391452&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=120400017&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=120398452&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=121557415&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=120391452&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_DeferredIncomeTaxAssetsNet">
<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.</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 740<br> -SubTopic 10<br> -Section 45<br> -Paragraph 6<br> -URI http://asc.fasb.org/extlink&amp;oid=120406818&amp;loc=d3e31931-109318<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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=120406818&amp;loc=d3e31917-109318<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_DeferredIncomeTaxAssetsNet</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_DepositsAssetsNoncurrent">
<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 of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment after one year or beyond the 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_DepositsAssetsNoncurrent</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_DueFromRelatedPartiesCurrent">
<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 aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).</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=120395691&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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(11))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(3)(a)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: 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 (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6676-107765<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_DueFromRelatedPartiesCurrent</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_DueToRelatedPartiesCurrent">
<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. For classified balance sheets, represents the current portion of such liabilities (due within one year or within 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://www.xbrl.org/2003/role/disclosureRef<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 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=120395691&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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.19(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_DueToRelatedPartiesCurrent</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_EquityMethodInvestmentAggregateCost">
<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 element represents the aggregate cost of investments accounted for under the equity method of accounting.</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=120391452&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_EquityMethodInvestmentAggregateCost</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_Goodwill">
<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 impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</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 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120320667&amp;loc=SL49117168-202975<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13770-109266<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_Goodwill</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_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_InterestPayableCurrent">
<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 [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within 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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e7018-107765<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 8<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6935-107765<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 210.5-02.20)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_InterestPayableCurrent</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://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 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<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 210.5-02.19-26)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: 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 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 7: http://www.xbrl.org/2003/role/exampleRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 280<br> -SubTopic 10<br> -Section 50<br> -Paragraph 30<br> -Subparagraph (d)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<br><br>Reference 8: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<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_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://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<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 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=120398452&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)(25))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef<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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: 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=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<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></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_LiabilitiesAndStockholdersEquityAbstract">
<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_LiabilitiesAndStockholdersEquityAbstract</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_LiabilitiesCurrent">
<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 obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business 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://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 3<br> -Subparagraph (bb)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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 3: 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 25<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=116870748&amp;loc=SL6758485-165988<br><br>Reference 4: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: 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 210.5-02.21)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: 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 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121559654&amp;loc=d3e5710-111685<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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_LiabilitiesCurrent</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_NotesPayableRelatedPartiesCurrentAndNoncurrent">
<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 for notes payable (written promise to pay), due to 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 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 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=120395691&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 210.7-03.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&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_NotesPayableRelatedPartiesCurrentAndNoncurrent</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_OperatingLeaseLiabilityCurrent">
<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, classified as current.</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=121603541&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_OperatingLeaseLiabilityCurrent</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_OperatingLeaseLiabilityNoncurrent">
<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, 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://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=121603541&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_OperatingLeaseLiabilityNoncurrent</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=121603541&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=120391452&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_PrepaidExpenseAndOtherAssetsCurrent">
<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 that are expected to be realized or consumed 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02(7))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&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(8))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_PrepaidExpenseAndOtherAssetsCurrent</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=120391452&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=120400017&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=120391452&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 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_ReceivablesFromCustomers">
<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 customers for fees and charges arising from transactions related to the entity's brokerage activities and 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/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 940<br> -SubTopic 310<br> -URI http://asc.fasb.org/subtopic&amp;trid=2176284<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_ReceivablesFromCustomers</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=120391452&amp;loc=d3e13212-122682<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 718<br> -SubTopic 10<br> -Section 65<br> -Paragraph 15<br> -Subparagraph (g)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121322162&amp;loc=SL121327923-165333<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)(23)(a)(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&amp;loc=d3e572229-122910<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<br><br>Reference 5: 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=120397183&amp;loc=d3e187085-122770<br><br>Reference 6: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 944<br> -SubTopic 40<br> -Section 65<br> -Paragraph 2<br> -Subparagraph (g)(2)(i)<br> -URI http://asc.fasb.org/extlink&amp;oid=121370832&amp;loc=SL117420844-207641<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_SecuritiesBorrowed">
<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 the effects of master netting arrangements, of securities borrowed from entities in exchange for collateral. Includes assets not subject to a master netting arrangement and not elected to be offset.</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 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<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 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<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_SecuritiesBorrowed</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_SecuritiesLoaned">
<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 the effects of master netting arrangements, of securities loaned to entities in exchange for collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset.</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 860<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1A<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=109249958&amp;loc=SL6224234-111729<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 20<br> -Section 55<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=99393222&amp;loc=SL20226008-175313<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 20<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=51824906&amp;loc=SL20225862-175312<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_SecuritiesLoaned</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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned">
<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>Fair value of financial instruments held by a broker-dealer for their own account (proprietary securities) for trading or investment purposes determined by management based upon quoted prices of a financial instrument with similar characteristics or on a valuation technique or model.</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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecurityOwned</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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased">
<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>Fair value of financial instruments sold short by a broker-dealer for their own account (proprietary securities) for trading or investment purposes determined by management based upon quoted prices of a financial instrument with similar characteristics or on a valuation technique or model.</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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased</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://www.xbrl.org/2009/role/commonPracticeRef<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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&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 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 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(31))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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(29))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&amp;loc=d3e13212-122682<br><br>Reference 5: 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=120391452&amp;loc=d3e13212-122682<br><br>Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef<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 7: http://www.xbrl.org/2009/role/commonPracticeRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<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>
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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>
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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 );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<td><strong> Name:</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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066825864">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Acquisitions (Schedule of Proforma Statements) (Details) - WP [Member] - USD ($)<br></strong></div></th>
<th class="th" colspan="1">3 Months Ended</th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessAcquisitionLineItems', window );"><strong>Business Acquisition [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">$ 14,372,000<span></span>
</td>
<td class="nump">$ 41,191,000<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_BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax', window );">Operating income</a></td>
<td class="nump">1,905,000<span></span>
</td>
<td class="nump">3,693,000<span></span>
</td>
</tr>
<tr class="ro">
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<td class="nump">$ 1,577,000<span></span>
</td>
<td class="nump">$ 2,407,000<span></span>
</td>
</tr>
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<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">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Amount after tax of pro forma income from continuing operations as if the business combination had been completed at the beginning of a 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/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The pro forma net Income or Loss for the period as if the business combination or combinations had been completed at the beginning of a 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/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The pro forma revenue for a period as if the business combination or combinations had been completed at the beginning of the 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/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (h)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066210760">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Receivables From, Payables To, and Deposits With Broker-Dealers and Clearing Organizations (Schedule of Receivable) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherReceivablesFromBrokerDealersAndClearingOrganizations', window );">DTCC / OCC / NSCC</a></td>
<td class="nump">$ 3,678,000<span></span>
</td>
<td class="nump">$ 3,059,000<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_DueFromGoldmanSachs', window );">Goldman Sachs</a></td>
<td class="nump">2,105,000<span></span>
</td>
<td class="nump">2,841,000<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_DueFromPershingCapital', window );">Pershing Capital</a></td>
<td class="nump">1,279,000<span></span>
</td>
<td class="nump">1,192,000<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_DueFromNFS', window );">NFS</a></td>
<td class="nump">1,113,000<span></span>
</td>
<td class="nump">1,328,000<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_SecuritiesFailedToDeliver', window );">Securities fail-to-deliver</a></td>
<td class="nump">207,000<span></span>
</td>
<td class="nump">43,000<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_DueFromGlobalShares', window );">Globalshares</a></td>
<td class="nump">24,000<span></span>
</td>
<td class="nump">2,000<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_DueFromICBC', window );">ICBC</a></td>
<td class="text"> <span></span>
</td>
<td class="nump">10,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations', window );">Total Receivables from and deposits with broker-dealers and clearing organizations</a></td>
<td class="nump">8,406,000<span></span>
</td>
<td class="nump">8,475,000<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>Payables to broker-dealers and clearing organizations</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_DueToSecuritiesFailToReceive', window );">Securities fail-to-receive</a></td>
<td class="nump">356,000<span></span>
</td>
<td class="nump">523,000<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_DueToRelatedPartiesCurrentAndNoncurrent', window );">Total Payables to broker-dealers and clearing organizations</a></td>
<td class="nump">$ 356,000<span></span>
</td>
<td class="nump">$ 523,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_DueFromGlobalShares">
<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 globalshares.</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_DueFromGlobalShares</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_DueFromGoldmanSachs">
<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 Goldman Sachs.</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_DueFromGoldmanSachs</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_DueFromICBC">
<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 ICBC.</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_DueFromICBC</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_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_DueFromPershingCapital">
<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 pershing capital.</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_DueFromPershingCapital</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_DueToSecuritiesFailToReceive">
<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 securities fail to receive.</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_DueToSecuritiesFailToReceive</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_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations">
<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 Receivables from and deposits with broker-dealers and 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;">SIEB_TotalReceivablesFromAndDepositsWithBrokerdealersAndClearingOrganizations</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_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=120395691&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=120400017&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 210.9-03.15(3),(4))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&amp;loc=d3e534808-122878<br><br>Reference 4: http://www.xbrl.org/2003/role/disclosureRef<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_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_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>
</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_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>
</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_SecuritiesFailedToDeliver">
<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 as the result of a fail-to-deliver. A fail-to-deliver is a securities sale to another broker-dealer that has not been delivered to buying broker-dealer by the close of business on the settlement date.</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_SecuritiesFailedToDeliver</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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066087032">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Prepaid Service Contract (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2"></th>
</tr>
<tr>
<th class="th"><div>Apr. 21, 2020</div></th>
<th class="th"><div>Apr. 21, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><sup>[1]</sup></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CapitalizedContractCostLineItems', window );"><strong>Capitalized Contract Cost [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseOtherNoncurrent', window );">Prepaid asset - non-current</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,890,000<span></span>
</td>
<td colspan="2" 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_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_InvestCloudIncMember', window );">InvestCloud, Inc [Member] | Restricted Stock [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 colspan="2" 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_CapitalizedContractCostLineItems', window );"><strong>Capitalized Contract Cost [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued', window );">Restricted common stock issued to InvestCloud</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">193,906<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_SaleOfStockPricePerShare', window );">Per share price</a></td>
<td class="nump">$ 5.81<span></span>
</td>
<td class="nump">$ 5.81<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<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=us-gaap_LicenseMember', window );">License Fee [Member] | InvestCloud, Inc [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 colspan="2" 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_CapitalizedContractCostLineItems', window );"><strong>Capitalized Contract Cost [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_InitialTermOfLicense', window );">Initial term of license</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_AnnualLicenseFees', window );">Annual license fee</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_AmortizationPeriodOfPrepaidLicensingFees', window );">Amortization period of prepaid licensing fees</a></td>
<td class="text">3 months<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<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=us-gaap_ServiceMember', window );">Upfront Professional Service Fee [Member] | InvestCloud, Inc [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 colspan="2" 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_CapitalizedContractCostLineItems', window );"><strong>Capitalized Contract Cost [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_RelatedPartyTransactionAmountsOfTransaction', window );">Consideration paid</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">1,000,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<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_ProfessionalServicesMember', window );">Professional Services [Member] | InvestCloud, Inc [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 colspan="2" 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_CapitalizedContractCostLineItems', window );"><strong>Capitalized Contract Cost [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_RestrictedCommonStockIssuedToInvestCloudValue', window );">Value of restricted common stock issued to InvestCloud</a></td>
<td class="nump">$ 1,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_PrepaidExpenseOtherNoncurrent', window );">Prepaid asset - non-current</a></td>
<td class="nump">$ 2,100,000<span></span>
</td>
<td class="nump">$ 2,100,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_AmortizationPeriodOfProfessionalServicesPrepaidAssets', window );">Amortization period of professional services prepaid assets</a></td>
<td class="text">3 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
</tr>
<tr><td colspan="6"></td></tr>
<tr><td colspan="6"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_AmortizationPeriodOfPrepaidLicensingFees">
<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>Amortization period of prepaid licensing 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_AmortizationPeriodOfPrepaidLicensingFees</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:durationItemType</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_AmortizationPeriodOfProfessionalServicesPrepaidAssets">
<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>Amortization period of professional services prepaid 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_AmortizationPeriodOfProfessionalServicesPrepaidAssets</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:durationItemType</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_AnnualLicenseFees">
<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>Annual license fee.</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_AnnualLicenseFees</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_InitialTermOfLicense">
<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 term of license.</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_InitialTermOfLicense</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:durationItemType</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_RestrictedCommonStockIssuedToInvestCloudValue">
<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 of restricted common stock issued to InvestCloud.</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_RestrictedCommonStockIssuedToInvestCloudValue</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_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued">
<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 equity interests issued or issuable to acquire 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 805<br> -SubTopic 30<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (b)(4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120321790&amp;loc=d3e6927-128479<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_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued</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>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_CapitalizedContractCostLineItems">
<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_CapitalizedContractCostLineItems</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_PrepaidExpenseOtherNoncurrent">
<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 amounts paid in advance which will be charged against earnings in periods after one year or beyond the 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 210<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.5-02.17)<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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 210<br> -SubTopic 10<br> -Section 45<br> -Paragraph 4<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=121566466&amp;loc=d3e6812-107765<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_PrepaidExpenseOtherNoncurrent</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_RelatedPartyTransactionAmountsOfTransaction">
<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 transactions with related party during the financial 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/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 850<br> -SubTopic 10<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39549-107864<br><br>Reference 2: 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 3<br> -URI http://asc.fasb.org/extlink&amp;oid=6457730&amp;loc=d3e39603-107864<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_RelatedPartyTransactionAmountsOfTransaction</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_SaleOfStockPricePerShare">
<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 amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.</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_SaleOfStockPricePerShare</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_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_InvestCloudIncMember">
<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_InvestCloudIncMember</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_us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember">
<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_AwardTypeAxis=us-gaap_RestrictedStockMember</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=us-gaap_LicenseMember">
<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=us-gaap_LicenseMember</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=us-gaap_ServiceMember">
<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=us-gaap_ServiceMember</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_ProfessionalServicesMember">
<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_ProfessionalServicesMember</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>50
<FILENAME>R41.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="report.css">
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092057771880">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Fair Value Measurements (Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2"><div>Sep. 30, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">$ 3,480,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">$ 3,018,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">116,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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_SecurityOwnedAndSoldNotYetPurchasedAtFairValueAxis=us-gaap_EquitySecuritiesMember', window );">Equity Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">1,108,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">986,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">116,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">2,926,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">2,460,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">88,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member', window );">Level 1 [Member] | Equity Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">765,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">453,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">88,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">554,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">270,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">28,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member', window );">Level 2 [Member] | Equity Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">343,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">245,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">28,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">288,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member', window );">Level 3 [Member] | Equity Securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">288,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_LiabilitiesFairValueDisclosureAbstract', window );"><strong>Liabilities</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased', window );">Securities sold, not yet purchased, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="nump">142,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">142,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">91,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="nump">142,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">142,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">91,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember', window );">Certificates of Deposit [Member] | Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_CashAndCashEquivalentsFairValueDisclosure', window );">Cash and cash equivalents</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember', window );">U.S. government securities [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesSegregatedUnderOtherRegulations', window );">Segregated securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,311,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">2,028,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">2,007,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember', window );">U.S. government securities [Member] | Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesSegregatedUnderOtherRegulations', window );">Segregated securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">1,311,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">2,028,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="nump">2,007,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember', window );">U.S. government securities [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesSegregatedUnderOtherRegulations', window );">Segregated securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember', window );">U.S. government securities [Member] | Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesSegregatedUnderOtherRegulations', window );">Segregated securities</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[2]</sup></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember', window );">Corporate bonds [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember', window );">Corporate bonds [Member] | Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember', window );">Corporate bonds [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">120,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="nump">25,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember', window );">Corporate bonds [Member] | Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_MutualFundMember', window );">Mutual Fund [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">133,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_MutualFundMember', window );">Mutual Fund [Member] | Level 1 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="nump">133,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_MutualFundMember', window );">Mutual Fund [Member] | Level 2 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_FairValueByAssetClassAxis=us-gaap_MutualFundMember', window );">Mutual Fund [Member] | Level 3 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_AssetsFairValueDisclosureAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_SecuritiesBorrowedFairValueDisclosure', window );">Securities owned, at fair value</a></td>
<td class="text"> <span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">As of September 30, 2020, U.S. government securities mature on 08/31/2021</td>
</tr>
</table></td></tr>
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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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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion 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.</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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<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_LiabilitiesFairValueDisclosureAbstract</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value portion of securities borrowed from other entities.</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>
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<td><strong> Balance Type:</strong></td>
<td>debit</td>
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<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_SecuritiesSegregatedUnderOtherRegulations">
<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 );">- Definition</a><div><p>Fair value of securities deposited in a special reserve account for the exclusive benefit of customers pursuant to regulations other than SEC Regulations and the Commodity Exchange Act.</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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<td><strong> Balance Type:</strong></td>
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<td>instant</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SecurityOwnedAndSoldNotYetPurchasedFairValueSecuritySoldNotYetPurchased">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Fair value of financial instruments sold short by a broker-dealer for their own account (proprietary securities) for trading or investment purposes determined by management based upon quoted prices of a financial instrument with similar characteristics or on a valuation technique or model.</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 2<br> -URI http://asc.fasb.org/extlink&amp;oid=35711157&amp;loc=d3e42546-110969<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">
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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>
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<td><strong> Name:</strong></td>
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</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_us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member">
<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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member</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>
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<tr>
<td><strong> Period 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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member">
<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_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member</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>
</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember">
<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_FairValueByAssetClassAxis=us-gaap_CertificatesOfDepositMember</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember">
<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_FairValueByAssetClassAxis=us-gaap_USGovernmentAgenciesDebtSecuritiesMember</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember">
<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_FairValueByAssetClassAxis=us-gaap_CorporateBondSecuritiesMember</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_us-gaap_FairValueByAssetClassAxis=us-gaap_MutualFundMember">
<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_FairValueByAssetClassAxis=us-gaap_MutualFundMember</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>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
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</table></div>
</div></td></tr>
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<DOCUMENT>
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<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059978024">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Fair Value Measurements (Schedule of Changes in Level 3 Equity Assets) (Details)<br></strong></div></th>
<th class="th" colspan="1">9 Months Ended</th>
</tr>
<tr><th class="th">
<div>Sep. 30, 2020 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Disclosures [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Begining Balance</a></td>
<td class="nump">$ 288,000<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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3', window );">Transfers out of level 3</a></td>
<td class="num">(288,000)<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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue', window );">Ending Balance</a></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_FairValueDisclosuresAbstract">
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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_FairValueDisclosuresAbstract</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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3">
<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 transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy.</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 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)(3)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3</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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue">
<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>Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.</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 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<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_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue</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>
<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>
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<DOCUMENT>
<TYPE>XML
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<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092064954648">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeDisclosureAbstract', window );"><strong>Lessee Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeasesRentExpenseNet', window );">Rent and occupancy expenses</a></td>
<td class="nump">$ 694,000<span></span>
</td>
<td class="nump">$ 630,000<span></span>
</td>
<td class="nump">$ 2,119,000<span></span>
</td>
<td class="nump">$ 1,754,000<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 );">Commitment of lease</a></td>
<td class="nump">$ 1,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,500,000<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_LesseeOperatingLeaseTermOfContract', window );">Lease term</a></td>
<td class="text">5 years<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">5 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 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: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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LesseeOperatingLeaseTermOfContract">
<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, 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=121609121&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_LesseeOperatingLeaseTermOfContract</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>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingLeasesRentExpenseNet">
<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=121573735&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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<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_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=121609121&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>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
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<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092062699752">
<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 ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th" colspan="2"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>Assets</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseRightOfUseAsset', window );">Lease right-of-use assets</a></td>
<td class="nump">$ 2,813,000<span></span>
</td>
<td class="nump">$ 3,951,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></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>
<td class="fn" style="border-bottom: 0px;"></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">$ 3,181,000<span></span>
</td>
<td class="nump">$ 4,409,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="4"></td></tr>
<tr><td colspan="4"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr></table></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><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_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>
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<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=121603541&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=121603541&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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<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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066498232">
<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>Sep. 30, 2020</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">2 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>
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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_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=121609121&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=121568110&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>
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<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=121568110&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=121609121&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>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>55
<FILENAME>R46.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">
							function toggleNextSibling (e) {
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<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092058111480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Leases (Schedule of Lease Costs and Other Lease Information) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseDescriptionAbstract', window );"><strong>Operating lease</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingLeaseCost', window );">Operating lease cost</a></td>
<td class="nump">$ 609,000<span></span>
</td>
<td class="nump">$ 509,000<span></span>
</td>
<td class="nump">$ 1,755,000<span></span>
</td>
<td class="nump">$ 1,268,000<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">20,000<span></span>
</td>
<td class="nump">81,000<span></span>
</td>
<td class="nump">83,000<span></span>
</td>
<td class="nump">321,000<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">65,000<span></span>
</td>
<td class="nump">40,000<span></span>
</td>
<td class="nump">281,000<span></span>
</td>
<td class="nump">165,000<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>
<td class="text"> <span></span>
</td>
<td class="text"> <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_LeaseCost', window );">Total Rent and occupancy</a></td>
<td class="nump">694,000<span></span>
</td>
<td class="nump">630,000<span></span>
</td>
<td class="nump">2,119,000<span></span>
</td>
<td class="nump">1,754,000<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>
<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_OperatingLeasePayments', window );">Operating cash flows from operating leases</a></td>
<td class="nump">614,000<span></span>
</td>
<td class="nump">512,000<span></span>
</td>
<td class="nump">1,845,000<span></span>
</td>
<td class="nump">1,338,000<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>
<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_RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability', window );">Lease right-of-use assets obtained in exchange for new lease liabilities - operating leases</a></td>
<td class="nump">$ 278,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 2,353,000<span></span>
</td>
<td class="nump">$ 4,943,000<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>
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<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_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=121609121&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=121568110&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>
</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_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=121568110&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=121609121&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=121603541&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=121609121&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=121568110&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=121609121&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=121609121&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=121568110&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=121609121&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=121568110&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=121609121&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=121568110&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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066059512">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Leases (Schedule of Future Minimum Base Rental Payment) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LeasesAbstract', window );"><strong>Leases [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear', window );">2020</a></td>
<td class="nump">$ 606,000<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_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths', window );">2021</a></td>
<td class="nump">1,403,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearTwo', window );">2022</a></td>
<td class="nump">755,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearThree', window );">2023</a></td>
<td class="nump">543,000<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_LesseeOperatingLeaseLiabilityPaymentsDueYearFour', window );">2024</a></td>
<td class="nump">56,000<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">3,363,000<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_FinanceLeaseLiabilityUndiscountedExcessAmount', window );">Difference between undiscounted cash flows and discounted cash flows</a></td>
<td class="nump">182,000<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_OperatingLeaseLiability', window );">Lease liabilities</a></td>
<td class="nump">$ 3,181,000<span></span>
</td>
<td class="nump">$ 4,409,000<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_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=121609121&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>
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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_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths">
<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 payment for operating lease to be paid in next fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</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=121609121&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_LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths</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 payment for operating lease to be paid in fourth fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</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=121609121&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 payment for operating lease to be paid in third fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</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=121609121&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 payment for operating lease to be paid in second fiscal year following current fiscal year. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</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=121609121&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>
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<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 payment for operating lease having initial or remaining lease term in excess of one year to be paid in remainder of current 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=121609121&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=121603541&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=121573735&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=121580752&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>
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<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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066085608">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Goodwill and Intangible Assets, Net (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
<th class="th"><sup>[1]</sup></th>
<th class="th"><div>Dec. 01, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
<td class="nump">$ 1,989,000<span></span>
</td>
<td colspan="2" class="nump">$ 1,989,000<span></span>
</td>
<td class="text">&#160;<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_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember', window );">Customer Relationships [Member] | Weeden Prime Services LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles', window );">Intangible assets - initial value</a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="nump">$ 987,000<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_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember', window );">Trade Names [Member] | Weeden Prime Services LLC [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_FiniteLivedIntangibleAssetsLineItems', window );"><strong>Finite-Lived Intangible Assets [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" 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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles', window );">Intangible assets - initial value</a></td>
<td class="text">&#160;<span></span>
</td>
<td colspan="2" class="text">&#160;<span></span>
</td>
<td class="nump">$ 70,000<span></span>
</td>
</tr>
<tr><td colspan="5"></td></tr>
<tr><td colspan="5"><table class="outerFootnotes" width="100%"><tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">Statement of financial condition as of December 31, 2019 represents the pro forma combination of Siebert and StockCross balances. See "Note 3 - Acquisitions" for additional detail.</td>
</tr></table></td></tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles">
<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 identifiable intangible assets recognized as of the acquisition 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/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 10<br> -Section 55<br> -Paragraph 37<br> -URI http://asc.fasb.org/extlink&amp;oid=121600890&amp;loc=d3e2207-128464<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 805<br> -SubTopic 20<br> -Section 50<br> -Paragraph 1<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=121647850&amp;loc=d3e4845-128472<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_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles</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_FiniteLivedIntangibleAssetsLineItems">
<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_FiniteLivedIntangibleAssetsLineItems</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_Goodwill">
<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 impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.</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 942<br> -SubTopic 210<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-03(10)(1))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=120320667&amp;loc=SL49117168-202975<br><br>Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 350<br> -SubTopic 20<br> -Section 45<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=99380562&amp;loc=d3e13770-109266<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_Goodwill</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_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember">
<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_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_CustomerRelationshipsMember</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_us-gaap_BusinessAcquisitionAxis=SIEB_WeedenPrimeServicesLLCMember">
<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_BusinessAcquisitionAxis=SIEB_WeedenPrimeServicesLLCMember</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_us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember">
<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_FiniteLivedIntangibleAssetsByMajorClassAxis=us-gaap_TradeNamesMember</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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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092050346488">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Long-Term Debt (Details)<br></strong></div></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th">
<div>Jul. 22, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2020 </div>
<div>USD ($)</div>
</th>
<th class="th">
<div>Sep. 30, 2019 </div>
<div>USD ($)</div>
</th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Proceeds from long-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,904,000<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_InterestExpenseDebt', window );">Interest expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 104,000<span></span>
</td>
<td class="nump">$ 24,000<span></span>
</td>
<td class="nump">220,000<span></span>
</td>
<td class="nump">$ 66,000<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_DebtInstrumentAxis=SIEB_LoanAndSecurityAgreementMember', window );">Loan and Security Agreement [Member] | East West Bank [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>
<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_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></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>
<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_LineOfCreditFacilityMaximumBorrowingCapacity', window );">Maximum borrowing capacity under term loan</a></td>
<td class="nump">$ 10,000,000<span></span>
</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="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_DebtInstrumentTerm', window );">Loan term</a></td>
<td class="text">2 years<span></span>
</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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtTerm', window );">Repayment term</a></td>
<td class="text">4 years<span></span>
</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="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_LineOfCreditFacilityInterestRateDescription', window );">Term loan interest rate description</a></td>
<td class="text">Term loans made pursuant to the agreement shall bear interest, at the Company&#8217;s option, (i) at the prime rate, as reported by the Wall Street Journal, or (ii) 3.0% above the LIBOR rate, provided that the minimum interest rate on any term loan will not be less than 3.25%.<span></span>
</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_SIEB_OriginationFee', window );">Origination fee</a></td>
<td class="nump">0.25%<span></span>
</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="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_RatioOfIndebtednessToNetCapital1', window );">Debt coverage ratio</a></td>
<td class="nump">1.35<span></span>
</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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MinimumNetWorthRequiredForCompliance', window );">Amount of tangible net worth minimum</a></td>
<td class="nump">$ 25,000,000<span></span>
</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="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_CapitalRatio', window );">Capital ratio</a></td>
<td class="nump">10.00%<span></span>
</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 " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentCovenantDescription', window );">Covenants description</a></td>
<td class="text">Certain other non-financial covenants include that the Company must promptly notify East West Bank of the creation or acquisition of any subsidiary that at any time owns assets with a value of $100,000 or greater.<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentAxis=SIEB_TermLoanMember', window );">Term Loan [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentLineItems', window );"><strong>Debt Instrument [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfLongTermDebt', window );">Proceeds from long-term debt</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,900,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Interest expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 15,000<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_SIEB_CapitalRatio">
<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>Capital ratio.</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_CapitalRatio</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_SIEB_OriginationFee">
<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>Origination fee.</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_OriginationFee</td>
</tr>
<tr>
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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>Description of minimum financial levels (for example, tangible net worth and working capital) and achievement of certain financial ratios (for example, working capital ratio and debt service coverage ratio), and adherence to certain clauses which generally require or restrict certain actions (for example, entering into a debt arrangement with equal or greater seniority, and selling or discontinuing a certain business segment or material subsidiary) to be in compliance with the covenant clauses of the debt agreement. May also include a discussion of the adverse consequences that would result if the entity violates or fails to satisfy the covenants.</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(22))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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 470<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=75038535&amp;loc=d3e64711-112823<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_DebtInstrumentCovenantDescription</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>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">
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentTerm">
<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>Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the 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>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_DebtInstrumentTerm</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td>xbrli:durationItemType</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>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<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 the cost of borrowed funds accounted for as interest expense for debt.</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 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6036836-161870<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 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&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_InterestExpenseDebt</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_LineOfCreditFacilityInterestRateDescription">
<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 the interest rate for the amounts borrowed under the credit facility, including the terms and the method for determining the interest rate (for example, fixed or variable, LIBOR plus a percentage, increasing rate, timing of interest rate resets, remarketing provisions).</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(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_LineOfCreditFacilityInterestRateDescription</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>xbrli:stringItemType</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</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_LineOfCreditFacilityMaximumBorrowingCapacity">
<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>Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.</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(b),22(b))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_LineOfCreditFacilityMaximumBorrowingCapacity</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>
<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_LongTermDebtTerm">
<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>Period between issuance and maturity of long-term debt, 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 820<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (bbb)(2)<br> -URI http://asc.fasb.org/extlink&amp;oid=117815213&amp;loc=d3e19207-110258<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_LongTermDebtTerm</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: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>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MinimumNetWorthRequiredForCompliance">
<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 lowest amount of net worth (total assets minus total liabilities) required by secondary market investors or state-imposed regulatory mandates.</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 948<br> -SubTopic 10<br> -Section 50<br> -Paragraph 5<br> -URI http://asc.fasb.org/extlink&amp;oid=6490092&amp;loc=d3e47304-110998<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 948<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)(a)<br> -URI http://asc.fasb.org/extlink&amp;oid=6490092&amp;loc=d3e47080-110998<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_MinimumNetWorthRequiredForCompliance</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
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<tr>
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<td>instant</td>
</tr>
</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_ProceedsFromIssuanceOfLongTermDebt">
<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 inflow from a debt initially having maturity due after one year or beyond the 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 230<br> -SubTopic 10<br> -Section 45<br> -Paragraph 14<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3255-108585<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_ProceedsFromIssuanceOfLongTermDebt</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:monetaryItemType</td>
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<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_RatioOfIndebtednessToNetCapital1">
<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>Indebtedness divided by net capital.</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_RatioOfIndebtednessToNetCapital1</td>
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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>na</td>
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<td><strong> Period Type:</strong></td>
<td>instant</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=SIEB_LoanAndSecurityAgreementMember">
<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_DebtInstrumentAxis=SIEB_LoanAndSecurityAgreementMember</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 );">- Details</a><div><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LegalEntityAxis=SIEB_EastWestBankMember</td>
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<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>
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<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_DebtInstrumentAxis=SIEB_TermLoanMember">
<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_DebtInstrumentAxis=SIEB_TermLoanMember</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td>na</td>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092057744232">
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<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Notes Payable - Related Party (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="1"></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
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<tr>
<th class="th"><div>Mar. 03, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestExpenseDebt', window );">Interest expense</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 104,000<span></span>
</td>
<td class="nump">$ 24,000<span></span>
</td>
<td class="nump">$ 220,000<span></span>
</td>
<td class="nump">$ 66,000<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_InterestPayableCurrentAndNoncurrent', window );">Interest payable</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 0<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 10,000<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_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember', window );">4% due November 30, 2021 [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>
<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_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></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>
<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_InterestRateOnLoanRenegotiatedPercentage', window );">Interest rate on loan renegotiated percentage</a></td>
<td class="nump">4.00%<span></span>
</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>
<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_InterestRateOnLoanOriginalPercentage', window );">Interest rate on loan original percentage</a></td>
<td class="nump">2.75%<span></span>
</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>
<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_InterestRateOnLoanOriginalPercentage">
<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>Interest rate on loan original percentage.</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_InterestRateOnLoanOriginalPercentage</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_SIEB_InterestRateOnLoanRenegotiatedPercentage">
<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>Interest rate on loan renegotiated percentage.</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_InterestRateOnLoanRenegotiatedPercentage</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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestExpenseDebt">
<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 the cost of borrowed funds accounted for as interest expense for debt.</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 470<br> -SubTopic 20<br> -Section 50<br> -Paragraph 6<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120520924&amp;loc=SL6036836-161870<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 210.5-03.8)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&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_InterestExpenseDebt</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></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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<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_InterestPayableCurrentAndNoncurrent">
<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 interest payable on debt, including, but not limited to, trade payables.</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 210.9-03.15(5))<br> -URI http://asc.fasb.org/extlink&amp;oid=120398452&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 210.7-03.15(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400017&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_InterestPayableCurrentAndNoncurrent</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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShortTermDebtLineItems">
<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_ShortTermDebtLineItems</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember">
<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_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember</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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092064943336">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Notes Payable - Related Party (Schedule of Notes Payable) (Details)<br></strong></div></th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr><th class="th" colspan="2">
<div>Sep. 30, 2020 </div>
<div>USD ($)</div>
</th></tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr class="ro">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DebtInstrumentFaceAmount', window );">Notes payable - related party</a></td>
<td class="nump">$ 6,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DebtInstrumentAxis=SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember', window );">4% due December 2, 2020 [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DebtInstrumentIssuanceDate1', window );">Issuance Date</a></td>
<td class="text">Dec.  02,  2019<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DebtInstrumentFaceAmount', window );">Notes payable - related party</a></td>
<td class="nump">$ 3,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember', window );">4% due November 30, 2021 [Member] | Subordinated to MSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_ShortTermDebtLineItems', window );"><strong>Short-term Debt [Line Items]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></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_DebtInstrumentIssuanceDate1', window );">Issuance Date</a></td>
<td class="text">Nov. 30,  2018<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"><sup>[1],[2]</sup></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_DebtInstrumentFaceAmount', window );">Notes payable - related party</a></td>
<td class="nump">$ 3,000,000<span></span>
</td>
<td class="fn" style="border-bottom: 0px;"></td>
</tr>
<tr><td colspan="3"></td></tr>
<tr><td colspan="3"><table class="outerFootnotes" width="100%">
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[1]</td>
<td style="vertical-align: top;" valign="top">The note payable subordinated to MSCO was acquired as part of the acquisition of StockCross.</td>
</tr>
<tr class="outerFootnote">
<td style="vertical-align: top; width: 12pt;" valign="top">[2]</td>
<td style="vertical-align: top;" valign="top">This note payable was renewed on November 30, 2019 for a term of one year. Subsequently, a rate adjustment and extension of its maturity with permissive prepayment was completed on March 3, 2020.</td>
</tr>
</table></td></tr>
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<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentFaceAmount">
<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 (par) amount of debt instrument at time of issuance.</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 835<br> -SubTopic 30<br> -Section 45<br> -Paragraph 2<br> -URI http://asc.fasb.org/extlink&amp;oid=119993939&amp;loc=d3e28551-108399<br><br>Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 835<br> -SubTopic 30<br> -Section 55<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=114775985&amp;loc=d3e28878-108400<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_DebtInstrumentFaceAmount</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>
<td><strong> Data Type:</strong></td>
<td>xbrli:monetaryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>credit</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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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DebtInstrumentIssuanceDate1">
<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>Date the debt instrument was issued, in CCYY-MM-DD format.</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 210.5-02.22(a))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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_DebtInstrumentIssuanceDate1</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: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_us-gaap_ShortTermDebtLineItems">
<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_ShortTermDebtLineItems</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_DebtInstrumentAxis=SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember">
<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_DebtInstrumentAxis=SIEB_FourPercentageDueDecemberSecondTwoThousandsTwentyMember</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_us-gaap_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember">
<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_DebtInstrumentAxis=SIEB_FourPercentageDueNovemberSecondTwoThousandsTwentyMember</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_us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_SubordinatedToMscoMember">
<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_SubordinatedToMscoMember</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>61
<FILENAME>R52.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">
							function toggleNextSibling (e) {
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							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
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</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092146176856">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RevenueFromContractWithCustomerAbstract', window );"><strong>Revenue from Contract with Customer [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromStockBorrowOrStockLoan', window );">Stock borrow / stock loan</a></td>
<td class="nump">$ 1,267,000<span></span>
</td>
<td class="nump">$ 349,000<span></span>
</td>
<td class="nump">$ 2,482,000<span></span>
</td>
<td class="nump">$ 1,353,000<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_GrossRevenueFromStockBorrowOrStockLoan', window );">Gross revenue from stock borrow/ Stock loan</a></td>
<td class="nump">2,499,000<span></span>
</td>
<td class="nump">2,111,000<span></span>
</td>
<td class="nump">6,170,000<span></span>
</td>
<td class="nump">8,381,000<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_ExpensesFromStockBorrowOrStockLoan', window );">Expenses from stock borrow/stock loan</a></td>
<td class="nump">1,232,000<span></span>
</td>
<td class="nump">$ 1,762,000<span></span>
</td>
<td class="nump">3,688,000<span></span>
</td>
<td class="nump">$ 7,028,000<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_OtherExpenses', window );">Client expenses</a></td>
<td class="nump">142,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">494,000<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_OtherReceivablesNetCurrent', window );">Other receivables</a></td>
<td class="nump">5,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">5,000<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_AccountsPayableAndOtherAccruedLiabilities', window );">Accounts payable and accrued liabilities</a></td>
<td class="nump">$ 150,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 150,000<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_SIEB_ExpensesFromStockBorrowOrStockLoan">
<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>Expenses from stock borrow/stock loan.</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_ExpensesFromStockBorrowOrStockLoan</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_GrossRevenueFromStockBorrowOrStockLoan">
<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>Gross revenue from stock borrow/ Stock loan.</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_GrossRevenueFromStockBorrowOrStockLoan</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_RevenueFromStockBorrowOrStockLoan">
<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 stock borrow or stock loan.</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_RevenueFromStockBorrowOrStockLoan</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_AccountsPayableAndOtherAccruedLiabilities">
<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 incurred and payable to vendors for goods and services received, and accrued liabilities classified as 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;">us-gaap_AccountsPayableAndOtherAccruedLiabilities</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_OtherExpenses">
<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 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 210.5-03.4,6)<br> -URI http://asc.fasb.org/extlink&amp;oid=120395209&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 210.7-04.7)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<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_OtherExpenses</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_OtherReceivablesNetCurrent">
<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 allowance, of receivables classified as other, due within one year or the operating cycle, if longer.</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_OtherReceivablesNetCurrent</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_RevenueFromContractWithCustomerAbstract">
<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_RevenueFromContractWithCustomerAbstract</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>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>62
<FILENAME>R53.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">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092060309112">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Revenue Recognition (Schedule of Major Revenue Categories) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_TradingExecutionAndClearingServicesAbstract', window );"><strong>Trading Execution and Clearing Services</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenueFromCommissionsAndFees', window );">Commissions and fees</a></td>
<td class="nump">$ 4,679,000<span></span>
</td>
<td class="nump">$ 2,273,000<span></span>
</td>
<td class="nump">$ 15,149,000<span></span>
</td>
<td class="nump">$ 7,132,000<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">2,342,000<span></span>
</td>
<td class="nump">2,327,000<span></span>
</td>
<td class="nump">8,126,000<span></span>
</td>
<td class="nump">6,138,000<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_RevenueFromMarketMaking', window );">Market making</a></td>
<td class="nump">423,000<span></span>
</td>
<td class="nump">330,000<span></span>
</td>
<td class="nump">1,508,000<span></span>
</td>
<td class="nump">1,303,000<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_RevenueFromStockBorrowOrStockLoan', window );">Stock borrow / stock loan</a></td>
<td class="nump">1,267,000<span></span>
</td>
<td class="nump">349,000<span></span>
</td>
<td class="nump">2,482,000<span></span>
</td>
<td class="nump">1,353,000<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</a></td>
<td class="nump">305,000<span></span>
</td>
<td class="nump">211,000<span></span>
</td>
<td class="nump">810,000<span></span>
</td>
<td class="nump">572,000<span></span>
</td>
</tr>
<tr class="reu">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_RevenuesFromTradingExecutionAndClearingServices', window );">Total Trading Execution and Clearing Services</a></td>
<td class="nump">9,016,000<span></span>
</td>
<td class="nump">5,490,000<span></span>
</td>
<td class="nump">28,075,000<span></span>
</td>
<td class="nump">16,498,000<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_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>
<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_MarginInterestIncome', window );">Margin interest</a></td>
<td class="nump">2,130,000<span></span>
</td>
<td class="nump">3,068,000<span></span>
</td>
<td class="nump">6,465,000<span></span>
</td>
<td class="nump">8,755,000<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_TwelveB1FeesRevenue', window );">12b1 fees</a></td>
<td class="nump">181,000<span></span>
</td>
<td class="nump">844,000<span></span>
</td>
<td class="nump">1,265,000<span></span>
</td>
<td class="nump">2,406,000<span></span>
</td>
</tr>
<tr class="reu">
<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">2,311,000<span></span>
</td>
<td class="nump">3,912,000<span></span>
</td>
<td class="nump">7,730,000<span></span>
</td>
<td class="nump">11,161,000<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_InterestIncomeOther', window );">Interest income</a></td>
<td class="nump">915,000<span></span>
</td>
<td class="nump">1,061,000<span></span>
</td>
<td class="nump">3,155,000<span></span>
</td>
<td class="nump">3,417,000<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_OtherIncome', window );">Other income</a></td>
<td class="nump">333,000<span></span>
</td>
<td class="nump">290,000<span></span>
</td>
<td class="nump">1,035,000<span></span>
</td>
<td class="nump">633,000<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_InterestAndOtherIncome', window );">Total Other Income</a></td>
<td class="nump">3,559,000<span></span>
</td>
<td class="nump">5,263,000<span></span>
</td>
<td class="nump">11,920,000<span></span>
</td>
<td class="nump">15,211,000<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">$ 12,575,000<span></span>
</td>
<td class="nump">$ 10,753,000<span></span>
</td>
<td class="nump">$ 39,995,000<span></span>
</td>
<td class="nump">$ 31,709,000<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_RevenueFromMarketMaking">
<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 market making.</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_RevenueFromMarketMaking</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_RevenueFromStockBorrowOrStockLoan">
<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 stock borrow or stock loan.</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_RevenueFromStockBorrowOrStockLoan</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_RevenuesFromTradingExecutionAndClearingServices">
<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>Trading Execution and Clearing Services.</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_RevenuesFromTradingExecutionAndClearingServices</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_InterestAndOtherIncome">
<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 interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business).</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_InterestAndOtherIncome</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_InterestIncomeOther">
<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 interest income earned from interest bearing assets classified as 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;">us-gaap_InterestIncomeOther</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_OtherIncome">
<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 and income 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 944<br> -SubTopic 220<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.7-04.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<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_OtherIncome</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_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=120311839&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 323<br> -SubTopic 10<br> -Section 50<br> -Paragraph 3<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=114001798&amp;loc=d3e33918-111571<br><br>Reference 3: http://www.xbrl.org/2003/role/disclosureRef<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://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 (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<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 32<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8933-108599<br><br>Reference 6: 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=120311839&amp;loc=d3e8736-108599<br><br>Reference 7: 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 40<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9031-108599<br><br>Reference 8: 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 30<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e8906-108599<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 41<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9038-108599<br><br>Reference 10: 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 42<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&amp;loc=d3e9054-108599<br><br>Reference 11: 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(g)(1)(ii))<br> -URI http://asc.fasb.org/extlink&amp;oid=120395691&amp;loc=d3e23780-122690<br><br>Reference 12: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 942<br> -SubTopic 235<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SX 210.9-05(b)(2))<br> -URI http://asc.fasb.org/extlink&amp;oid=120399901&amp;loc=d3e537907-122884<br><br>Reference 13: 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=120395209&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>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059901752">
<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">9 Months Ended</th>
</tr>
<tr><th class="th"><div>Sep. 30, 2020</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>
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<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">Commissions and fees, Principal transactions, Market making, Stock borrow / stock loan, Advisory fees<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 financial services to customers and counterparties<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, Interest income, Other income<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=121604090&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>
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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_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>
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<tr>
<td><strong> Balance Type:</strong></td>
<td></td>
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<tr>
<td><strong> Period Type:</strong></td>
<td></td>
</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_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>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td></td>
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<td><strong> Data Type:</strong></td>
<td>na</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092059867576">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Referral Fees (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReferralFeesAbstract', window );"><strong>Referral Fees</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_ReferralFees', window );">Referral fees</a></td>
<td class="nump">$ 154,000<span></span>
</td>
<td class="text"> <span></span>
</td>
<td class="nump">$ 427,000<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_ReferralFees">
<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>Referral 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_ReferralFees</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>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_ReferralFeesAbstract">
<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_ReferralFeesAbstract</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></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>duration</td>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092066915480">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Income Taxes (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for (from) income taxes</a></td>
<td class="num">$ (486,000)<span></span>
</td>
<td class="nump">$ 349,000<span></span>
</td>
<td class="nump">$ 39,000<span></span>
</td>
<td class="nump">$ 1,365,000<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_ProfitLoss', window );">Income before provision for income taxes</a></td>
<td class="nump">$ 95,000<span></span>
</td>
<td class="nump">$ 1,622,000<span></span>
</td>
<td class="nump">$ 2,095,000<span></span>
</td>
<td class="nump">$ 4,939,000<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_EffectiveIncomeTaxRateContinuingOperations', window );">Effective tax rate</a></td>
<td class="num">(511.60%)<span></span>
</td>
<td class="nump">21.50%<span></span>
</td>
<td class="nump">1.90%<span></span>
</td>
<td class="nump">27.60%<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_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate', window );">Statutory tax rate</a></td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">21.00%<span></span>
</td>
<td class="nump">21.00%<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_UnrecognizedTaxBenefitsPeriodIncreaseDecrease', window );">Uncertain tax position</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,041,000<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_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne', window );">Income tax refund expected in quarter one of 2021</a></td>
<td class="nump">$ 248,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 248,000<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_SIEB_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne">
<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>Income tax refund expected in quarter one of 2021</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_IncomeTaxRefundExpectedInQuarterOneTwoThousandTwentyOne</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_EffectiveIncomeTaxRateContinuingOperations">
<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 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 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></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>
</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>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_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate">
<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 domestic federal statutory tax rate applicable to pretax income (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 740<br> -SubTopic 10<br> -Section S99<br> -Paragraph 1<br> -Subparagraph (SAB Topic 6.I.Fact.4)<br> -URI http://asc.fasb.org/extlink&amp;oid=116825942&amp;loc=d3e330036-122817<br><br>Reference 2: http://www.xbrl.org/2003/role/disclosureRef<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></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_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate</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>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 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://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 10<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=d3e32672-109319<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 (h)<br> -URI http://asc.fasb.org/extlink&amp;oid=120311839&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 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=120395691&amp;loc=d3e23780-122690<br><br>Reference 5: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 9<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22663-107794<br><br>Reference 6: 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=120385591&amp;loc=d3e38679-109324<br><br>Reference 7: http://www.xbrl.org/2003/role/disclosureRef<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(9))<br> -URI http://asc.fasb.org/extlink&amp;oid=120400993&amp;loc=SL114874131-224263<br><br>Reference 8: http://www.xbrl.org/2003/role/disclosureRef<br> -Publisher FASB<br> -Name Accounting Standards Codification<br> -Topic 250<br> -SubTopic 10<br> -Section 50<br> -Paragraph 8<br> -URI http://asc.fasb.org/extlink&amp;oid=109234566&amp;loc=d3e22658-107794<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_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>
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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">
<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>
</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_UnrecognizedTaxBenefitsPeriodIncreaseDecrease">
<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 unrecognized tax benefits attributable to uncertain tax positions taken in tax returns.</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 740<br> -SubTopic 10<br> -Section 50<br> -Paragraph 15A<br> -Subparagraph (a)<br> -URI http://asc.fasb.org/extlink&amp;oid=84230637&amp;loc=SL6600010-109319<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_UnrecognizedTaxBenefitsPeriodIncreaseDecrease</td>
</tr>
<tr>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092060078904">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Earnings Per Share (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="6">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Jun. 30, 2020</div></th>
<th class="th"><div>Mar. 31, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Jun. 30, 2019</div></th>
<th class="th"><div>Mar. 31, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
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<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
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<td class="nump">$ 581,000<span></span>
</td>
<td class="nump">$ 499,000<span></span>
</td>
<td class="nump">$ 976,000<span></span>
</td>
<td class="nump">$ 1,273,000<span></span>
</td>
<td class="nump">$ 1,079,000<span></span>
</td>
<td class="nump">$ 1,224,000<span></span>
</td>
<td class="nump">$ 2,056,000<span></span>
</td>
<td class="nump">$ 3,574,000<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 portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p></div>
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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">
<tr>
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<td style="white-space:nowrap;">us-gaap_NetIncomeLoss</td>
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<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092051605736">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Capital Requirements (Details) - USD ($)<br></strong></div></th>
<th class="th"><div>Oct. 02, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Jan. 02, 2020</div></th>
<th class="th"><div>Dec. 31, 2019</div></th>
</tr>
<tr class="rh">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FinancialInstrumentAxis=SIEB_MSCOMember', window );">MSCO [Member]</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
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<td class="text">&#160;<span></span>
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<td class="nump">$ 27,900,000<span></span>
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<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 4,400,000<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_srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1', window );">Minimum net capital required</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">2,300,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">250,000<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_NetCapitalInExcessOfMinimumRequirement', window );">Net capital in excess of minimum requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 25,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">4,200,000<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_PercentageOfAggregateDebitBalanceToNetCapital', window );">Percentage of aggregate debit balance to net capital</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">24.40%<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_CashReserveDepositRequiredAndMade', window );">Cash deposits</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 264,000,000<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_SIEB_MinimumCashDepositsRequired', window );">Minimum cash deposits required</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">247,400,000<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_CashDepositsInExcessOfMinimumRequirement', window );">Cash deposits in excess of minimum requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">16,600,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<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] | Subsequent Event [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_SIEB_CashDepositsInExcessOfMinimumRequirement', window );">Cash deposits in excess of minimum requirement</a></td>
<td class="nump">$ 7,100,000<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="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_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>
<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="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">18,800,000<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_srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1', window );">Minimum net capital required</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="nump">2,100,000<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_NetCapitalInExcessOfMinimumRequirement', window );">Net capital in excess of minimum requirement</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="nump">$ 16,700,000<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_PercentageOfAggregateDebitBalanceToNetCapital', window );">Percentage of aggregate debit balance to net capital</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="nump">17.60%<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_CashReserveDepositRequiredAndMade', window );">Cash deposits</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="nump">$ 222,100,000<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_MinimumCashDepositsRequired', window );">Minimum cash deposits required</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="nump">219,400,000<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_CashDepositsInExcessOfMinimumRequirement', window );">Cash deposits in excess of minimum requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 1,000,000<span></span>
</td>
<td class="nump">4,000,000<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_SecuritiesReserveDepositRequiredAndMade', window );">Fair value of Securities on Deposit</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="nump">1,300,000<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_CashSegregatedUnderOtherRegulations', window );">Segregated cash</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="nump">1,400,000<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_StockCrossMember', window );">StockCross [Member] | Special Reserve Account [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_SIEB_Deposit', window );">Deposits</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="nump">223,400,000<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_CashDepositsInExcessOfMinimumRequirement', window );">Cash deposits in excess of minimum requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 218,000<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_CashSegregatedUnderOtherRegulations', window );">Segregated cash</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="nump">1,400,000<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_MinimumCashDepositRequirement', window );">Minimum cash deposit requirement</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="nump">1,700,000<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_CashDepositsInDeficitOfMinimumRequirement', window );">Cash deposits in deficit of minimum requirement</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="nump">282,000<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_WeedenPrimeServicesLLCMember', window );">Weeden Prime Services LLC [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="text">&#160;<span></span>
</td>
<td class="nump">3,700,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">3,900,000<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_srt_MinimumNetCapitalRequiredForBrokerDealerSubsidiary1', window );">Minimum net capital required</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">250,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">250,000<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_NetCapitalInExcessOfMinimumRequirement', window );">Net capital in excess of minimum requirement</a></td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,500,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 3,700,000<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_SIEB_CashDepositsInDeficitOfMinimumRequirement">
<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>Cash deposits in deficit 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_CashDepositsInDeficitOfMinimumRequirement</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_CashDepositsInExcessOfMinimumRequirement">
<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>Cash deposits 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_CashDepositsInExcessOfMinimumRequirement</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_Deposit">
<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>Deposit in special reserve account.</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_Deposit</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_MinimumCashDepositRequirement">
<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 cash deposit 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_MinimumCashDepositRequirement</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_MinimumCashDepositsRequired">
<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 cash deposits required.</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_MinimumCashDepositsRequired</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_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_SIEB_PercentageOfAggregateDebitBalanceToNetCapital">
<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 aggregate debit balance to net capital.</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_PercentageOfAggregateDebitBalanceToNetCapital</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>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_CashReserveDepositRequiredAndMade">
<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>Cash deposited in a special reserve account for the exclusive benefit of customers pursuant to SEC Regulations.</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 942<br> -SubTopic 210<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=116631393&amp;loc=SL116631396-227033<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_CashReserveDepositRequiredAndMade</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_CashSegregatedUnderOtherRegulations">
<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>Cash deposited in a special reserve account for the exclusive benefit of customers pursuant to regulations other than SEC Regulations and the Commodity Exchange Act.</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 942<br> -SubTopic 210<br> -Section 50<br> -Paragraph 1<br> -URI http://asc.fasb.org/extlink&amp;oid=116631393&amp;loc=SL116631396-227033<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_CashSegregatedUnderOtherRegulations</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_SecuritiesReserveDepositRequiredAndMade">
<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>Securities deposited in a special reserve account for the exclusive benefit of customers pursuant to SEC Regulations.</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_SecuritiesReserveDepositRequiredAndMade</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>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember">
<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_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember</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_us-gaap_FinancialInstrumentAxis=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;">us-gaap_FinancialInstrumentAxis=SIEB_StockCrossMember</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_us-gaap_CashAndCashEquivalentsAxis=SIEB_SpecialReserveAccountMember">
<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_CashAndCashEquivalentsAxis=SIEB_SpecialReserveAccountMember</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_us-gaap_FinancialInstrumentAxis=SIEB_WeedenPrimeServicesLLCMember">
<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_WeedenPrimeServicesLLCMember</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>68
<FILENAME>R59.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;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092053766248">
<tr>
<th class="tl" colspan="1" rowspan="2"><div style="width: 200px;"><strong>Commitments, Contingencies, and Other (Narrative) (Details) - USD ($)<br></strong></div></th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
</tr>
<tr>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
</tr>
<tr class="re">
<td class="pl " style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingenciesDisclosureAbstract', window );"><strong>Commitments and Contingencies Disclosure [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl custom" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_SIEB_HealthClaimReinsuranceLimitPerEmployee', window );">Health claim reinsurance limit per employee</a></td>
<td class="nump">$ 50,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<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">412,000<span></span>
</td>
<td class="nump">$ 136,000<span></span>
</td>
<td class="nump">962,000<span></span>
</td>
<td class="nump">$ 594,000<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">$ 78,000<span></span>
</td>
<td class="text">&#160;<span></span>
</td>
<td class="nump">$ 78,000<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_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=121557415&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>
<TYPE>XML
<SEQUENCE>69
<FILENAME>R60.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">
							function toggleNextSibling (e) {
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</head>
<body>
<span style="display: none;">v3.20.2</span><table class="report" border="0" cellspacing="2" id="idm140092060061992">
<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"></th>
<th class="th" colspan="1">1 Months Ended</th>
<th class="th" colspan="2">3 Months Ended</th>
<th class="th" colspan="2">9 Months Ended</th>
<th class="th" colspan="1"></th>
</tr>
<tr>
<th class="th"><div>Jan. 02, 2020</div></th>
<th class="th"><div>Jan. 31, 2020</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Sep. 30, 2020</div></th>
<th class="th"><div>Sep. 30, 2019</div></th>
<th class="th"><div>Jan. 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_us-gaap_BusinessAcquisitionAxis=SIEB_StockCrossShareholdersMember', window );">StockCross Shareholders [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>
<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_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>
<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>
<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_StockIssuedDuringPeriodSharesAcquisitions', window );">Issuance of stock in merger</a></td>
<td class="nump">3,298,774<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="text">&#160;<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_RelatedPartyTransactionsByRelatedPartyAxis=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>
<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="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>
<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>
<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_BusinessAcquisitionPercentageOfVotingInterestsAcquired', window );">Percentage of entity acquired</a></td>
<td class="nump">85.00%<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
<td class="nump">15.00%<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_RelatedPartyTransactionsByRelatedPartyAxis=SIEB_PWCMember', window );">PWC [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>
<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_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>
<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>
<td class="text">&#160;<span></span>
</td>
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<td class="text">&#160;<span></span>
</td>
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</td>
<td class="nump">$ 21,000<span></span>
</td>
<td class="nump">$ 3,000<span></span>
</td>
<td class="nump">$ 65,000<span></span>
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<td class="nump">$ 67,000<span></span>
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<td class="text">&#160;<span></span>
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<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>
<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>
<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>
<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_PaymentsForRent', window );">Office rent</a></td>
<td class="text">&#160;<span></span>
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<td class="text">&#160;<span></span>
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</td>
<td class="nump">$ 15,000<span></span>
</td>
<td class="nump">$ 45,000<span></span>
</td>
<td class="nump">$ 45,000<span></span>
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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_RelatedPartyTransactionsByRelatedPartyAxis=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>
<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_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>
<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>
<td class="text">&#160;<span></span>
</td>
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<td class="text">&#160;<span></span>
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<td class="nump">$ 290,000<span></span>
</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>
<td class="text">&#160;<span></span>
</td>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Percentage of voting equity interests acquired at the acquisition date in the business combination.</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 805<br> -SubTopic 10<br> -Section 50<br> -Paragraph 2<br> -Subparagraph (c)<br> -URI http://asc.fasb.org/extlink&amp;oid=79982066&amp;loc=d3e1392-128463<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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Cash payments to lessor's for use of assets under operating leases.</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> -Subparagraph (g)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3536-108585<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">
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>The cash inflow associated with the sale of equity securities classified as available-for-sale securities.</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 320<br> -SubTopic 10<br> -Section 45<br> -Paragraph 11<br> -URI http://asc.fasb.org/extlink&amp;oid=121553693&amp;loc=d3e26853-111562<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 12<br> -Subparagraph (b)<br> -URI http://asc.fasb.org/extlink&amp;oid=121586364&amp;loc=d3e3179-108585<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">
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<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>
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<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=120401555&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=120395209&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>
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<a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div><p>Number of shares of stock issued during the period pursuant to acquisitions.</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=120391452&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 S99<br> -Paragraph 1<br> -Subparagraph (SX 210.3-04)<br> -URI http://asc.fasb.org/extlink&amp;oid=120397183&amp;loc=d3e187085-122770<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(28))<br> -URI http://asc.fasb.org/extlink&amp;oid=120391452&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>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
