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Fair Value Measurements (Tables) | 6 Months Ended
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Jun. 30, 2022
Fair Value Disclosures [Abstract] |
Schedule of Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value | Fair Value Hierarchy Tables 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.
|  | As of June 30, 2022
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and securities segregated for regulatory purposes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities* |  | $ | 116,818,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 116,818,000 |
Securities owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities** |  | $ | 2,845,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,845,000 |
Certificates of deposit |  |  | — |  |  |  | 92,000 |  |  |  | — |  |  |  | 92,000 |
Municipal securities |  |  | — |  |  |  | 10,000 |  |  |  | — |  |  |  | 10,000 |
Corporate bonds |  |  | — |  |  |  | 11,000 |  |  |  | — |  |  |  | 11,000 |
Equity securities |  |  | 240,000 |  |  |  | 152,000 |  |  |  | — |  |  |  | 392,000 |
Total Securities owned, at fair value |  | $ | 3,085,000 |  |  | $ | 265,000 |  |  | $ | — |  |  | $ | 3,350,000 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities sold, not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | — |  |  | $ | 9,000 |  |  | $ | — |  |  | $ | 9,000 |
Total Securities sold, not yet purchased, at fair value |  | $ | — |  |  | $ | 9,000 |  |  | $ | — |  |  | $ | 9,000 |
|  | As of December 31, 2021
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities owned, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government securities** |  | $ | 2,966,000 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,966,000 |
Certificates of deposit |  |  | — |  |  |  | 91,000 |  |  |  | — |  |  |  | 91,000 |
Corporate bonds |  |  | — |  |  |  | 12,000 |  |  |  | — |  |  |  | 12,000 |
Equity securities |  |  | 489,000 |  |  |  | 433,000 |  |  |  | — |  |  |  | 922,000 |
Total Securities owned, at fair value |  | $ | 3,455,000 |  |  | $ | 536,000 |  |  | $ | — |  |  | $ | 3,991,000 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities sold, not yet purchased, at fair value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity securities |  | $ | — |  |  | $ | 24,000 |  |  | $ | — |  |  | $ | 24,000 |
Total Securities sold, not yet purchased, at fair value |  | $ | — |  |  | $ | 24,000 |  |  | $ | — |  |  | $ | 24,000 |
*As of June 30, 2022, the Company had U.S. government securities with market values of approximately $9.8 million, $9.9 million, $62.9 million, $24.3 million and 9.9 million and corresponding maturity dates of May 18, 2023, August 31, 2023, December 31, 2023, January 31, 2024 and May 31, 2024, respectively. As of December 31, 2021, the Company did not have any U.S. government securities classified as cash and securities segregated for regulatory purposes. **As of both June 30, 2022 and December 31, 2021, the U.S. government securities had a maturity date of August 15, 2024. Refer to the below as well as Note 6 – Fair Value Measurements in the Company’s 2021 Form 10-K for further information regarding financial instruments not carried at fair value on the statements of financial condition as of June 30, 2022 and December 31, 2021.

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- Definition Tabular disclosure of financial instruments held by a broker-dealer for its own account (proprietary securities) for trading or investment purposes that are carried at fair value including securities sold, not yet purchased. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=35711157&loc=d3e42546-110969 + Details
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