Quarterly report pursuant to sections 13 or 15(d)

Notes Payable (Tables)

v2.4.0.6
Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2012
Notes Payable
    September 30,     December 31,  
    2012     2011  
Note payable under revolving credit agreement with principal shareholder   $ 23,650     $ 22,550  
Notes payable to clearing firm under forgivable loans     22,143       22,143  
Note payable to a subsidiary of Premier’s former shareholder     741       904  
Notes payable to finance Securities America acquisition, net of $7,618 and $9,113 of unamortized discount in 2012 and 2011, respectively(1)     153,082       151,587  
Total   $ 199,616     $ 197,184  

 

 

(1) The lenders included Frost Nevada Investments Trust (“Frost Nevada”), an affiliate of our chairman of the board and principal shareholder, Dr. Phillip Frost, M.D., Vector Group, Ltd. (“Vector Group”), a principal shareholder, and Richard J. Lampen, our president and chief executive officer and a director. The principal amounts loaned by Frost Nevada, Vector Group and Richard J. Lampen were $135,000, $15,000 and $200, respectively.