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Reserve Requirements	12 Months Ended
	Dec. 31, 2012
Reserve Requirements	25. RESERVE REQUIREMENTS As of December 31, 2012 and 2011, JVB and CCPR were not subject to the reserve requirements under Rule 15c3-3 of the Securities Exchange Act of 1934 because JVB and CCPR do not carry securities accounts for their customers or perform custodial functions relating to customer securities and, therefore, they qualify for an exemption under Rule 15c3-3(k)(2)(ii).

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Reserve requirements under Rule 15c3-3 of the Securities Exchange Act of 1934.

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