| Securities carried at fair value |
Securities are classified as follows:
As of September 30, 2015:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities owned, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Certificates of deposit |
|
$ |
423 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
423 |
|
Debt securities |
|
— |
|
|
1,351 |
|
|
— |
|
|
1,351 |
|
U.S. Treasury notes |
|
— |
|
|
113 |
|
|
— |
|
|
113 |
|
Common stock and warrants |
|
716 |
|
|
842 |
|
|
— |
|
|
1,558 |
|
Other investments |
|
— |
|
|
680 |
|
|
— |
|
|
680 |
|
Total |
|
$ |
1,139 |
|
|
$ |
2,986 |
|
|
$ |
— |
|
|
$ |
4,125 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
(15 |
) |
|
$ |
— |
|
|
$ |
(15 |
) |
U.S. Treasury notes |
|
— |
|
|
(348 |
) |
|
— |
|
|
(348 |
) |
Common stock and warrants |
|
(56 |
) |
|
— |
|
|
— |
|
|
(56 |
) |
Total |
|
$ |
(56 |
) |
|
$ |
(363 |
) |
|
$ |
— |
|
|
$ |
(419 |
) |
As of December 31, 2014:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities owned, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Certificates of deposit |
|
$ |
465 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
465 |
|
Debt securities |
|
— |
|
|
1,526 |
|
|
— |
|
|
1,526 |
|
U.S. Treasury notes |
|
— |
|
|
102 |
|
|
— |
|
|
102 |
|
Common stock and warrants |
|
1,981 |
|
|
875 |
|
|
— |
|
|
2,856 |
|
Other investments |
|
— |
|
|
961 |
|
|
— |
|
|
961 |
|
Total |
|
$ |
2,446 |
|
|
$ |
3,464 |
|
|
$ |
— |
|
|
$ |
5,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
(45 |
) |
|
$ |
— |
|
|
$ |
(45 |
) |
U.S. Treasury notes |
|
— |
|
|
(151 |
) |
|
— |
|
|
(151 |
) |
Common stock and warrants |
|
(34 |
) |
|
— |
|
|
— |
|
|
(34 |
) |
Total |
|
$ |
(34 |
) |
|
$ |
(196 |
) |
|
$ |
— |
|
|
$ |
(230 |
) |
The components of securities owned and securities sold, but not yet purchased at September 30, 2015 and December 31, 2014 which are carried at fair value were as follows:
|
|
|
|
|
|
|
|
|
|
September 30, 2015 |
|
Securities Owned |
|
Securities Sold,
But Not Yet Purchased
|
Certificates of deposit |
|
$ |
423 |
|
|
$ |
— |
|
Debt securities |
|
1,351 |
|
|
(15 |
) |
U.S. Treasury notes |
|
113 |
|
|
(348 |
) |
Common stock and warrants |
|
716 |
|
|
(56 |
) |
Restricted common stock and warrants |
|
842 |
|
|
— |
|
Other investments |
|
680 |
|
|
— |
|
Total |
|
$ |
4,125 |
|
|
$ |
(419 |
) |
|
|
|
|
|
December 31, 2014 |
|
|
|
|
Certificates of deposit |
|
$ |
465 |
|
|
$ |
— |
|
Debt securities |
|
1,526 |
|
|
(45 |
) |
U.S. Treasury notes |
|
102 |
|
|
(151 |
) |
Common stock and warrants |
|
1,981 |
|
|
(34 |
) |
Restricted common stock and warrants |
|
875 |
|
|
— |
|
Other investments |
|
961 |
|
|
— |
|
Total |
|
$ |
5,910 |
|
|
$ |
(230 |
) |
|