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

12 Months Ended

Dec. 31, 2015

The components of securities owned and securities sold, but not yet purchased as of December 31, 2015 and 2014 were as follows:



	Securities Owned		Securities Sold, But Not Yet Purchased
December 31, 2015
Certificates of deposit	$	359	$	—
Debt securities	1,125		(30		)
U.S. Treasury notes	101		(200		)
Common stock and warrants	927		(8		)
Restricted common stock and warrants	958		—
Other investments	609		—
Total	$	4,079	$	(238	)

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	)

Securities are carried at fair value and classified as follows:



	December 31, 2015
Securities owned, at fair value	Level 1		Level 2		Level 3		Total
Certificates of deposit	$	359	$	—	$	—	$	359
Debt securities	—		1,125		—		1,125
U.S. Treasury notes	—		101		—		101
Common stock and warrants	927		958		—		1,885
Other investments	—		609		—		609
Total	$	1,286	$	2,793	$	—	$	4,079



	December 31, 2015
Securities sold, but not yet purchased, at fair value	Level 1			Level 2			Level 3		Total
Certificates of deposit	$	—		$	—		$	—	$	—
Debt securities	—			(30		)	—		(30		)
U.S. Treasury notes	—			(200		)	—		(200		)
Common stock and warrants	(8		)	—			—		(8		)
Total	$	(8	)	$	(230	)	$	—	$	(238	)



	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



	December 31, 2014
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	)