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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income / (loss) $ (19,919) $ (2,041) $ (16,727)
Adjustments to reconcile net income / (loss) to net cash provided by (used in) operating activities:      
Other (income) / expense 15 (86) (33)
Equity-based compensation 1,902 1,271 6,929
Realized loss / (gain) on other investments (978) (1,728) (1,002)
Change in unrealized (gain) loss on other investments, at fair value 12,377 6,325 (502)
Depreciation and amortization 1,405 1,305 2,238
Amortization of discount on debt 906 189 429
(Income) / loss from equity method affiliates (1,828) (5,052) (6,232)
Change in operating assets and liabilities, net:      
(Increase) decrease in other receivables 1,653 (2,851) 2,741
(Increase) decrease in investments-trading 58,521 (51,593) 138,811
(Increase) decrease in other assets (596) 1,583 7,615
(Increase) decrease in receivables under resale agreement 40,715 59,868 28,710
Change in receivables from / payables to related parties, net (195) 223 259
Increase (decrease) in accrued compensation (4,007) (497) (10,942)
Increase (decrease) in accounts payable and other liabilities (4,860) (1,544) (3,149)
Increase (decrease) in trading securities sold, not yet purchased, net 5,337 (55,446) 38,691
Change in receivables from / payables to brokers, dealers, and clearing agencies, net (55,081) 130,316 (99,180)
Increase (decrease) in securities sold under agreement to repurchase (41,525) (64,597) (93,566)
Increase (decrease) in deferred income taxes (2,073) (897) (1,389)
Net cash provided by (used in) operating activities (8,231) 14,748 (6,299)
Investing activities      
Cash acquired from acquisition (679)   2,149
Cash paid for acquisition of JVB Financial Holdings, L.L.C., net of cash acquired     (14,956)
Purchase of other investments, at fair value (2,035) (390) (3,068)
Sales and returns of principal of other investments, at fair value 2,082 379 7,708
Sales of cost method investment   1,937  
Investment in equity method affiliates (30) (4,716) (5,021)
Return from equity method affiliates 3,094 12,093 6,954
Purchase of furniture, equipment, and leasehold improvements (849) (193) (470)
Net cash provided by (used in) investing activities 2,941 9,110 (6,704)
Financing activities      
Proceeds from issuance of convertible debt 8,248    
Repayment and repurchase of debt (6,072) (16,270) (7,960)
Payments for deferred issuance and financing costs (670)    
Proceeds from private placement, net of offering costs of $447 5,051    
Cash used to net share settle equity awards (153) (199) (72)
Purchase of common stock for treasury     (1,488)
PrinceRidge non-controlling interest redemptions, net (789) (6,152)  
PrinceRidge mandatorily redeemable equity interest repayments (86) (3,723)  
IFMI non-controlling interest distributions and redemptions (431) (420) (1,161)
IFMI dividends (1,066) (953) (2,115)
Net cash used in financing activities 4,032 (27,717) (12,796)
Effect of exchange rate on cash (81) 138 74
Net increase (decrease) in cash and cash equivalents (1,339) (3,721) (25,725)
Cash and cash equivalents, beginning of period 14,500 18,221 43,946
Cash and cash equivalents, end of period $ 13,161 $ 14,500 $ 18,221