Annual report pursuant to section 13 and 15(d)

Securities Owned and Securities Sold, But Not Yet Purchased (Tables)

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Securities Owned and Securities Sold, But Not Yet Purchased (Tables)
 12 Months Ended
Dec. 31, 2012
Securities Owned and Sold, Not Yet Purchased [Abstract]  
Securities Carried at Fair value

The components of securities owned and securities sold, but not yet purchased as of December 31, 2012 and 2011 are as follows:

   
  Securities Owned   Securities Sold, But Not Yet Purchased
December 31, 2012    
Certificates of deposit   $ 14     $ —  
Debt securities     1,098       (123 ) 
U.S. Treasury notes     —       (99 ) 
Common stock and warrants     384       (70 ) 
Restricted common stock and warrants     582       —  
     $ 2,078     $ (292 ) 

   
December 31, 2011    
Common stock and warrants   $ 191     $ (78 ) 
Restricted common stock and warrants     1,823       —  
     $ 2,014     $ (78 )
Securities are recorded at fair value

Securities are recorded at fair value and classified as follows:

       
  December 31, 2012
Securities owned, at fair value   Level 1   Level 2   Level 3   Total
Debt securities   $ —     $ 1,098     $ —     $ 1,098  
Certificates of deposit     14       —       —       14  
Common stock and warrants     384       582       —       966  
Total   $ 398     $ 1,680     $ —     $ 2,078  

       
  December 31, 2012
Securities sold, but not yet purchased, at fair value   Level 1   Level 2   Level 3   Total
Debt securities   $  —      $ 123     $  —      $ 123  
U.S. Treasury notes     —       99       —       99  
Common stock and warrants     70       —       —       70  
Total   $ 70     $ 222     $  —      $ 292  

       
  December 31, 2011
Securities owned, at fair value   Level 1   Level 2   Level 3   Total
Common stock and warrants   $ 191     $ 1,823     $  —      $ 2,014  

       
  December 31, 2011
Securities sold, but not yet purchased, at fair value   Level 1   Level 2   Level 3   Total
Common stock and warrants   $ 68     $ 10     $  —      $ 78