| Securities Carried at Fair Value |
The components of securities owned and securities sold, but not yet purchased at September 30, 2016 and December 31, 2015, which are carried at fair value were as follows:
|
|
|
|
|
|
|
|
|
|
September 30, 2016 |
|
Securities Owned |
|
Securities Sold,
But Not Yet Purchased
|
Certificates of deposit |
|
$ |
457 |
|
|
$ |
— |
|
Debt securities |
|
1,624 |
|
|
(15 |
) |
U.S. Treasury notes |
|
101 |
|
|
(149 |
) |
Common stock and warrants |
|
255 |
|
|
(512 |
) |
Restricted common stock and warrants |
|
572 |
|
|
— |
|
Other investments |
|
637 |
|
|
— |
|
Total |
|
$ |
3,646 |
|
|
$ |
(676 |
) |
|
|
|
|
|
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 |
) |
Securities are classified as follows:
As of September 30, 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities owned, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Certificates of deposit |
|
$ |
457 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
457 |
|
Debt securities |
|
— |
|
|
1,624 |
|
|
— |
|
|
1,624 |
|
U.S. Treasury notes |
|
— |
|
|
101 |
|
|
— |
|
|
101 |
|
Common stock and warrants |
|
255 |
|
|
572 |
|
|
— |
|
|
827 |
|
Other investments |
|
— |
|
|
637 |
|
|
— |
|
|
637 |
|
Total |
|
$ |
712 |
|
|
$ |
2,934 |
|
|
$ |
— |
|
|
$ |
3,646 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
(15 |
) |
|
$ |
— |
|
|
$ |
(15 |
) |
US Treasury Notes |
|
— |
|
|
(149 |
) |
|
— |
|
|
(149 |
) |
Common stock and warrants |
|
(512 |
) |
|
— |
|
|
— |
|
|
(512 |
) |
Total |
|
$ |
(512 |
) |
|
$ |
(164 |
) |
|
$ |
— |
|
|
$ |
(676 |
) |
As of 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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities sold, but not yet purchased, at fair value |
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
Total |
Debt securities |
|
$ |
— |
|
|
$ |
(30 |
) |
|
$ |
— |
|
|
$ |
(30 |
) |
U.S. Treasury notes |
|
— |
|
|
(200 |
) |
|
— |
|
|
(200 |
) |
Common stock and warrants |
|
(8 |
) |
|
— |
|
|
— |
|
|
(8 |
) |
Total |
|
$ |
(8 |
) |
|
$ |
(230 |
) |
|
$ |
— |
|
|
$ |
(238 |
) |
|