| Securities carried at fair value |
The components of securities owned and securities sold, but not yet purchased at September 30, 2014 and December 31, 2013 were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
Securities Owned |
|
Securities Sold,
But Not Yet Purchased
|
September 30, 2014 |
|
|
|
|
Debt securities |
|
$ |
1,896 |
|
|
$ |
(66 |
) |
U.S. Treasury notes |
|
1 |
|
|
(297 |
) |
Common stock and warrants |
|
1,805 |
|
|
(3,071 |
) |
Restricted common stock and warrants |
|
1,131 |
|
|
— |
|
Other investments |
|
1,025 |
|
|
— |
|
Total |
|
$ |
5,858 |
|
|
$ |
(3,434 |
) |
|
|
|
|
|
December 31, 2013 |
|
|
|
|
Certificates of deposit |
|
$ |
24 |
|
|
$ |
— |
|
Debt securities |
|
1,402 |
|
|
(46 |
) |
U.S. Treasury notes |
|
1 |
|
|
— |
|
Common stock and warrants |
|
689 |
|
|
(33 |
) |
Restricted common stock and warrants |
|
725 |
|
|
(4 |
) |
Other investments |
|
1,948 |
|
|
— |
|
Total |
|
$ |
4,789 |
|
|
$ |
(83 |
) |
|
| Securities carried at fair value |
Securities are carried at fair value and classified as follows:
As of September 30, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities owned, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
1,896 |
|
|
$ |
— |
|
|
$ |
1,896 |
|
U.S. Treasury notes |
|
— |
|
|
1 |
|
|
— |
|
|
1 |
|
Common stock and warrants |
|
1,805 |
|
|
1,131 |
|
|
— |
|
|
2,936 |
|
Other investments |
|
— |
|
|
1,025 |
|
|
— |
|
|
1,025 |
|
Total |
|
$ |
1,805 |
|
|
$ |
4,053 |
|
|
$ |
— |
|
|
$ |
5,858 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Certificates of deposit |
|
$ |
— |
|
|
$ |
(66 |
) |
|
$ |
— |
|
|
$ |
(66 |
) |
U.S. Treasury notes |
|
— |
|
|
(297 |
) |
|
— |
|
|
(297 |
) |
Common stock and warrants |
|
(3,071 |
) |
|
— |
|
|
— |
|
|
(3,071 |
) |
Total |
|
$ |
(3,071 |
) |
|
$ |
(363 |
) |
|
$ |
— |
|
|
$ |
(3,434 |
) |
As of December 31, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities owned, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
1,402 |
|
|
$ |
— |
|
|
$ |
1,402 |
|
Certificates of deposit |
|
24 |
|
|
— |
|
|
— |
|
|
24 |
|
U.S. Treasury notes |
|
— |
|
|
1 |
|
|
— |
|
|
1 |
|
Common stock and warrants |
|
689 |
|
|
725 |
|
|
— |
|
|
1,414 |
|
Other investments |
|
— |
|
|
1,948 |
|
|
— |
|
|
1,948 |
|
Total |
|
$ |
713 |
|
|
$ |
4,076 |
|
|
$ |
— |
|
|
$ |
4,789 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
(46 |
) |
|
$ |
— |
|
|
$ |
(46 |
) |
Common stock and warrants |
|
(33 |
) |
|
(4 |
) |
|
— |
|
|
(37 |
) |
Total |
|
$ |
(33 |
) |
|
$ |
(50 |
) |
|
$ |
— |
|
|
$ |
(83 |
) |
|