Net Capital Requirements	12 Months Ended
Dec. 31, 2012
Net Capital Requirements	23. NET CAPITAL REQUIREMENTS The U.S. broker-dealer subsidiaries of the Company are subject to the net capital provision of Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital, as defined therein. As of December 31, 2012, the Company had the following two U.S. broker-dealers: JVB and CCPR. In February 2012, PrinceRidge merged CCCM into CCPR. CCS conducted no securities-related business activities since May 2011. Subsequent to the final resolution of its outstanding litigation described in note 26, CCS filed a Form BDW in September 2012 seeking to withdraw all of its registrations with the SEC and each jurisdiction in which it was licensed or registered as a securities broker-dealer as well as its membership in FINRA, the NASDAQ Stock Market, and the International Securities Exchange. CCS’ withdrawal from all such regulatory authorities became effective in November 2012 and, therefore, CCS is no longer subject to the SEC’s Uniform Net Capital Rule 15c3-1. As of December 31, 2012 and 2011, JVB’s adjusted net capital was $10,833 and $9,558, respectively, which exceeded the minimum requirements by $10,689 and $9,426, respectively. As of December 31, 2012 and 2011, CCPR’s adjusted net capital was $17,846 and $4,606, respectively, which exceeded the minimum requirements by $17,596 and $4,356, respectively. CCFL, a subsidiary of the Company regulated by the Financial Services Authority in the United Kingdom, is subject to the net liquid capital provision of the Financial Services and Markets Act 2000, GENPRU 2.140R to 2.1.57R, relating to financial prudence with regards to the European Investment Services Directive and the European Capital Adequacy Directive, which requires the maintenance of minimum liquid capital, as defined therein. As of December 31, 2012 and 2011, the total minimum required net liquid capital was $2,887 and $1,820, respectively, and net liquid capital in CCFL was $5,864 and $4,881, respectively, which exceeded the minimum requirements by $2,977 and $3,061, respectively, in compliance with the net liquid capital provisions.

Net Capital Requirements

12 Months Ended

Dec. 31, 2012

23. NET CAPITAL REQUIREMENTS

The U.S. broker-dealer subsidiaries of the Company are subject to the net capital provision of Rule 15c3-1 under the Securities Exchange Act of 1934, which requires the maintenance of minimum net capital, as defined therein. As of December 31, 2012, the Company had the following two U.S. broker-dealers: JVB and CCPR.

In February 2012, PrinceRidge merged CCCM into CCPR. CCS conducted no securities-related business activities since May 2011. Subsequent to the final resolution of its outstanding litigation described in note 26, CCS filed a Form BDW in September 2012 seeking to withdraw all of its registrations with the SEC and each jurisdiction in which it was licensed or registered as a securities broker-dealer as well as its membership in FINRA, the NASDAQ Stock Market, and the International Securities Exchange. CCS’ withdrawal from all such regulatory authorities became effective in November 2012 and, therefore, CCS is no longer subject to the SEC’s Uniform Net Capital Rule 15c3-1.

As of December 31, 2012 and 2011, JVB’s adjusted net capital was $10,833 and $9,558, respectively, which exceeded the minimum requirements by $10,689 and $9,426, respectively. As of December 31, 2012 and 2011, CCPR’s adjusted net capital was $17,846 and $4,606, respectively, which exceeded the minimum requirements by $17,596 and $4,356, respectively.

CCFL, a subsidiary of the Company regulated by the Financial Services Authority in the United Kingdom, is subject to the net liquid capital provision of the Financial Services and Markets Act 2000, GENPRU 2.140R to 2.1.57R, relating to financial prudence with regards to the European Investment Services Directive and the European Capital Adequacy Directive, which requires the maintenance of minimum liquid capital, as defined therein. As of December 31, 2012 and 2011, the total minimum required net liquid capital was $2,887 and $1,820, respectively, and net liquid capital in CCFL was $5,864 and $4,881, respectively, which exceeded the minimum requirements by $2,977 and $3,061, respectively, in compliance with the net liquid capital provisions.

- Definition

Tabular disclosure of computation of net capital under the SEC Regulations which may include a reconciliation (including appropriate explanations) if material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's original unaudited Part II or IIA filing, a statement that a reconciliation is not necessary if no material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's unaudited Part II or IIA filing, when different, total assets and total liabilities, as reported in the statement of financial condition, are reconciled to the total current assets and total liabilities, respectively, as reported in the statement of computation of minimum net capital. Disclosure may also include stockholder's equity, stockholders' equity not allowable for net capital, stockholders' equity qualified for net capital, subordinated borrowings allowable in computation of net capital, other deductions or allowable credits and total capital and allowable subordinated borrowings.

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