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Reserve Requirements
12 Months Ended
Dec. 31, 2013
Reserve Requirements Disclosure [Abstract]  
Reserve Requirements

25. RESERVE REQUIREMENTS

 

As of December 31, 2013 and 2012, 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).