$COHN
Cohen & Co Inc. Stock $cohn

$cohn Overview Financials Valuation SEC Filings Company Website

2019 Q2 Form 10-Q Financial Statement

#000127043619000014 Filed on August 05, 2019

Income Statement

Concept	2019 Q2	2018 Q2
Revenue	$11.17M	$12.19M
YoY Change	-8.38%	7.17%
Cost Of Revenue	$1.190M	$1.400M
YoY Change	-15.0%	-17.65%
Gross Profit	$9.979M	$10.80M
YoY Change	-7.6%	11.34%
Gross Profit Margin	89.35%	88.6%
Selling, General & Admin	$9.383M	$9.400M
YoY Change	-0.18%	18.99%
% of Gross Profit	94.03%	87.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$78.00K	$0.00
YoY Change
% of Gross Profit	0.78%	0.0%
Operating Expenses	$9.461M	$9.400M
YoY Change	0.65%	18.99%
Operating Profit	$518.0K	$1.375M
YoY Change	-62.33%	-20.34%
Interest Expense	$45.27M	$2.201M
YoY Change	1956.57%	97.93%
% of Operating Profit	8738.42%	160.07%
Other Income/Expense, Net
YoY Change
Pretax Income	-$1.669M	-$826.0K
YoY Change	102.06%	-234.53%
Income Tax	-$641.0K	-$636.0K
% Of Pretax Income
Net Earnings	-$410.0K	$80.00K
YoY Change	-612.5%	-81.22%
Net Earnings / Revenue	-3.67%	0.66%
Basic Earnings Per Share	-$0.36	$0.07
Diluted Earnings Per Share	-$0.36	$0.07
COMMON SHARES
Basic Shares Outstanding	1.144M	1.173M
Diluted Shares Outstanding	1.676M	1.720M

Balance Sheet

Concept	2019 Q2	2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$13.08M	$17.00M
YoY Change	-23.08%	54.55%
Cash & Equivalents	$13.08M	$16.62M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$124.4M	$96.00M
Other Receivables	$7.271M	$4.000M
Total Short-Term Assets	$144.7M	$117.0M
YoY Change	23.68%	-15.83%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.773M
YoY Change
Goodwill	$7.992M
YoY Change
Intangibles	$166.0K
YoY Change
Long-Term Investments	$3.519M	$212.0M
YoY Change	-98.34%	50.35%
Other Assets
YoY Change
Total Long-Term Assets	$6.324B	$2.638B
YoY Change	139.74%	371.07%
TOTAL ASSETS
Total Short-Term Assets	$144.7M	$117.0M
Total Long-Term Assets	$6.324B	$2.638B
Total Assets	$6.469B	$2.755B
YoY Change	134.81%	294.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$139.1M	$99.00M
YoY Change	40.5%	62.3%
Accrued Expenses	$11.09M	$3.000M
YoY Change	269.77%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$6.105B	$2.456B
YoY Change	148.57%	483.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.255B	$2.558B
YoY Change	144.53%	427.42%
LONG-TERM LIABILITIES
Long-Term Debt	$63.64M	$61.00M
YoY Change	4.33%	38.64%
Other Long-Term Liabilities	$107.6M	$89.00M
YoY Change	20.94%	-24.58%
Total Long-Term Liabilities	$171.3M	$150.0M
YoY Change	14.18%	-7.41%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.255B	$2.558B
Total Long-Term Liabilities	$171.3M	$150.0M
Total Liabilities	$6.428B	$2.717B
YoY Change	136.57%	312.29%
SHAREHOLDERS EQUITY
Retained Earnings	-$34.08M
YoY Change
Common Stock	$12.00K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$33.86M	$38.00M
YoY Change
Total Liabilities & Shareholders Equity	$6.469B	$2.755B
YoY Change	134.81%	294.13%

Cashflow Statement

Concept	2019 Q2	2018 Q2
OPERATING ACTIVITIES
Net Income	-$410.0K	$80.00K
YoY Change	-612.5%	-81.22%
Depreciation, Depletion And Amortization	$78.00K	$0.00
YoY Change
Cash From Operating Activities	$657.0K	$7.600M
YoY Change	-91.36%	-500.0%
INVESTING ACTIVITIES
Capital Expenditures	-$8.000K	-$300.0K
YoY Change	-97.33%	200.0%
Acquisitions
YoY Change
Other Investing Activities	$2.620M	-$900.0K
YoY Change	-391.11%	-140.91%
Cash From Investing Activities	$2.612M	-$1.200M
YoY Change	-317.67%	-154.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	539.0K	-1.400M
YoY Change	-138.5%	55.56%
NET CHANGE
Cash From Operating Activities	657.0K	7.600M
Cash From Investing Activities	2.612M	-1.200M
Cash From Financing Activities	539.0K	-1.400M
Net Change In Cash	3.808M	5.000M
YoY Change	-23.84%	-933.33%
FREE CASH FLOW
Cash From Operating Activities	$657.0K	$7.600M
Capital Expenditures	-$8.000K	-$300.0K
Free Cash Flow	$665.0K	$7.900M
YoY Change	-91.58%	-538.89%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	198000
	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	17000
	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	-133000
	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-1411000
	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-1479000
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CY2018Q2	cohn	Dividends And Distributions DividendsAndDistributions	342000
CY2019Q1	cohn	Dividends And Distributions DividendsAndDistributions	396000
CY2019Q2	cohn	Dividends And Distributions DividendsAndDistributions	337000
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CY2019Q1	cohn	Noncontrolling Interest Decrease Increase Net NoncontrollingInterestDecreaseIncreaseNet	-2550000
CY2018	cohn	Number Of Counterparties Related To Reverse Repurchase Agreements NumberOfCounterpartiesRelatedToReverseRepurchaseAgreements	36
	cohn	Number Of Counterparties Related To Reverse Repurchase Agreements NumberOfCounterpartiesRelatedToReverseRepurchaseAgreements	37
	cohn	Number Of Entities Used For Investment In Private Offering NumberOfEntitiesUsedForInvestmentInPrivateOffering	2
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CY2019Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
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	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	313000
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	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	351000
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	cohn	Interest On Margin Payable InterestOnMarginPayable	808000
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	cohn	Interest On Margin Payable InterestOnMarginPayable	1912000
CY2019Q2	cohn	Interest On Margin Payable InterestOnMarginPayable	1119000
CY2018Q4	cohn	Interest Payable Securities Sold Not Yet Purchased InterestPayableSecuritiesSoldNotYetPurchased	1184000
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	cohn	Intraday Lending Facility Annual Interest Rate IntradayLendingFacilityAnnualInterestRate	0.0012
CY2019Q2	cohn	Intraday Lending Facility Commitment Amount IntradayLendingFacilityCommitmentAmount	75000000
CY2019Q2	cohn	Intraday Lending Facility Line Of Credit IntradayLendingFacilityLineOfCredit	0
	cohn	Intraday Lending Facility Renewal Period IntradayLendingFacilityRenewalPeriod	P364D
	cohn	Intraday Lending Facility Termination Date IntradayLendingFacilityTerminationDate	2019-10-19
	cohn	Investment Agreement Alternative Period Of Required Prior Written Notice Contingency InvestmentAgreementAlternativePeriodOfRequiredPriorWrittenNoticeContingency	P60D
	cohn	Investment Agreement Writtent Notice Period For Termination InvestmentAgreementWrittentNoticePeriodForTermination	P90D
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	cohn	Membership Units Received Net Of Surrenders MembershipUnitsReceivedNetOfSurrenders	331920
CY2018Q1	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2018Q2	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2019Q1	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2018Q4	cohn	New Issue And Advisory Fees Receivable NewIssueAndAdvisoryFeesReceivable	2100000
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	cohn	Trading Securities Interest Expense Credit Facility TradingSecuritiesInterestExpenseCreditFacility	29000
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	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	23687000
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	cohn	Trading Securities Interest Income Loans Held For Sale TradingSecuritiesInterestIncomeLoansHeldForSale	47000
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
	dei	Document Period End Date DocumentPeriodEndDate	2019-06-30
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	us-gaap	Costs And Expenses CostsAndExpenses	21859000
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	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001270436
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	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	Cohen & Co Inc.
	dei	Entity Shell Company EntityShellCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
	dei	Trading Symbol TradingSymbol	COHN
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CY2018Q4	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	310000
CY2019Q2	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	354000
CY2018Q4	cohn	Payables From Unsettled Regular Way Trades Net PayablesFromUnsettledRegularWayTradesNet	5822000
	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	2269000
	cohn	Ratio Of Common Stock To Membership Units RatioOfCommonStockToMembershipUnits	0.1
	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	-222000
	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	567000
CY2019Q2	cohn	Receivables From Unsettled Regular Way Trades Net ReceivablesFromUnsettledRegularWayTradesNet	10900000
CY2018Q4	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	17448000
CY2019Q2	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	18638000
	cohn	Redeemable Noncontrolling Interest Membership Units Not Held Share Ratio RedeemableNoncontrollingInterestMembershipUnitsNotHeldShareRatio	10
	cohn	Redeemable Noncontrolling Interest Membership Units Not Held Share Ratio RedeemableNoncontrollingInterestMembershipUnitsNotHeldShareRatio	10
CY2018Q2	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0
CY2019Q2	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0
	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	325000
CY2018Q2	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	178000
	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-27000
CY2019Q2	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	6000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	378000
CY2018Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	209000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	140000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3	0
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3	2066000
CY2018Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3	2066000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
CY2018Q2	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0
CY2019Q2	us-gaap	Fair Value Liabilities Level1 To Level2 Transfers Amount FairValueLiabilitiesLevel1ToLevel2TransfersAmount	0
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	-77000
CY2018Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	-86000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	27000
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	9600000
CY2018Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases
CY2017Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	6577000
CY2018Q1	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	16342000
CY2018Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	14651000
CY2018Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2756000
CY2019Q2	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	53300000
CY2018Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	571000
CY2019Q2	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	590000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-689000
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-747000
CY2018Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	2017000
CY2019Q2	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	1270000
	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	57000
CY2018Q2	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	118000
	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	169000
CY2019Q2	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	78000
	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent DefinedContributionPlanEmployerMatchingContributionPercent	0.03
	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	0.50
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	113000
CY2018Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	52000
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	159000
CY2019Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	78000
CY2018Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	2080000
CY2019Q2	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	1818000
	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-947000
CY2018Q2	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-270000
	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-1109000
CY2019Q2	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-491000
CY2018Q4	us-gaap	Due From Related Parties DueFromRelatedParties	793000
CY2019Q2	us-gaap	Due From Related Parties DueFromRelatedParties	495000
CY2018Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	714000
CY2019Q2	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	317000
	us-gaap	Due To And From Broker Dealers And Clearing Organizations Disclosure DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">6. RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">RECEIVABLES FROM BROKERS, DEALERS, AND CLEARING AGENCIES</font></p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(Dollars in Thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">June 30, 2019</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">December 31, 2018</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Deposits with clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">250  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">250  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Unsettled regular way trades, net</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">10,900  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 3.25pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">  -</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Receivables from clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">112,715  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">129,562  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">     Receivables from brokers, dealers, and clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">123,865  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">129,812  </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;"> </font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Amounts payable to brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font> </p> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES</font></p> </td> </tr> <tr> <td colspan="7" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">(Dollars in Thousands)</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">June 30, 2019</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">December 31, 2018</font></p> </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Unsettled regular way trades, net</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt 3.25pt 0pt 0pt;text-align:right;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">  -</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">5,822  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">Margin payable</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">126,433  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">195,776  </td> </tr> <tr> <td valign="bottom" style="width:55.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;">     Payables to brokers, dealers, and clearing agencies</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">126,433  </td> <td valign="bottom" style="width:01.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">  </p> </td> <td valign="bottom" style="width:03.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;padding:0pt;"> <p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:17.88%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">201,598  </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Deposits with clearing agencies represent contractual amounts the Company is required to deposit with its clearing agents. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Securities transactions that settle in the regular way are recorded on the trade date, as if they had settled. The related amounts receivable and payable for unsettled securities transactions are recorded net in receivables from or payables to brokers, dealers, and clearing agencies on the Company’s consolidated balance sheets. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Receivables from clearing agencies are primarily comprised of (i) cash received by the Company upon execution of short trades that is restricted from withdrawal by the clearing agent and (ii) cash deposited with the FICC to support the Company’s General Collateral Funding (“GCF”) matched book repo business. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Margin payable represents amounts borrowed from Pershing, LLC to finance the Company’s trading portfolio.  Effectively, all of the Company’s investments-trading and deposits with clearing agencies serve as collateral for the margin payable.  See note 5 for interest expense incurred on margin payable.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">   </font> </p> <p><font size="1"> </font></p> </div> </div>
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.19
CY2018Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.07
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.42
CY2019Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.36
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.19
CY2018Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.07
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.42
CY2019Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.36
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-113000
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-19000
CY2018Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	5254000
CY2019Q2	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	2755000
CY2019Q2	us-gaap	Equity Method Investments EquityMethodInvestments	3519000
CY2019Q2	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	107636000
CY2018Q4	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	129562000
	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2019Q2	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2786000
CY2018Q4	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	7905823000
CY2019Q2	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	6272327000
CY2018Q4	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	7694018000
CY2019Q2	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	6110394000
	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	1160000
CY2018Q2	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	1009000
	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	739000
CY2019Q2	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	490000
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	0
CY2018Q4	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	120122000
CY2019Q2	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	112715000
CY2018Q4	us-gaap	Goodwill Goodwill	7992000
CY2019Q2	us-gaap	Goodwill Goodwill	7992000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3005000
CY2018Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-826000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3599000
CY2019Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1669000
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-256000
CY2019Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-248000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	32000
	us-gaap	Income Taxes Paid IncomeTaxesPaid	24000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-664000
CY2018Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-636000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-747000
CY2019Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-641000
	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	32367000
	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	69218000
	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	81000
	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	298000
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1629000
	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-2499000
	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	-3341000
	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	-12486000
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	3947000
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	1061000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	394000
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	783000
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	1058000
	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-4819000
	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	1901758000
	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	-1566997000
	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	1872528000
	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	-1577409000
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-22021000
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-63285000
CY2018Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	14343
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
CY2019Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	27877000
CY2018Q2	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	16274000
	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	87540000
CY2019Q2	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	48428000
	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	24495000
CY2018Q2	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	14845000
	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	82443000
CY2019Q2	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	45265000
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-4020000
CY2018Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-2201000
	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-3793000
CY2019Q2	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-1939000
	us-gaap	Interest Paid Net InterestPaidNet	2962000
	us-gaap	Interest Paid Net InterestPaidNet	3525000
CY2018Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	674000
CY2019Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1007000
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	11783000
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	12796000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	10490000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1564000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	950000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	933000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1108000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	858000
CY2019Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	2152000
CY2018Q4	us-gaap	Liabilities Liabilities	8073191000
CY2019Q2	us-gaap	Liabilities Liabilities	6427502000
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8115629000
CY2019Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6469081000
CY2019Q2	us-gaap	Loans Receivable Held For Sale Amount LoansReceivableHeldForSaleAmount	1232000
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	43536000
CY2019Q2	us-gaap	Long Term Debt LongTermDebt	45002000
CY2018Q4	us-gaap	Minority Interest MinorityInterest	6664000
CY2019Q2	us-gaap	Minority Interest MinorityInterest	7724000
	us-gaap	Nature Of Operations NatureOfOperations	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:12pt 0pt 0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-weight:bold;">1. ORGANIZATION AND NATURE OF OPERATIONS </font> </p> <p style="margin:6pt 0pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">Organizational History</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Cohen Brothers, LLC (“Cohen Brothers”) was formed on October 7, 2004 by Cohen Bros. Financial, LLC (“CBF”). Cohen Brothers was established to acquire the net assets of CBF’s subsidiaries (the “Formation Transaction</font><font style="display: inline;">”): Cohen Bros. & Company, Inc.; Cohen Frères SAS; Dekania Investors, LLC; Emporia Capital Management, LLC; and the majority interest in Cohen Bros. & Toroian Investment Management, Inc. The Formation Transaction was accomplished through a series of transactions</font><font style="display: inline;"> occurring between March 4, 2005 and May 31, 2005. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">From its formation until December 16, 2009, Cohen Brothers operated as a privately-owned limited liability company. On December 16, 2009, Cohen Brothers completed its merger (the “Merger”) with a subsidiary of Alesco Financial Inc. (“AFN”), a publicly traded real estate investment trust. </font> </p> <p style="margin:7pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">As a result of the Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued membership units directly from Cohen Brothers. In addition, AFN received additional Cohen Brothers membership interests directly from its members in exchange for AFN common stock. In accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), the Merger was accounted for as a reverse acquisition, and Cohen Brothers was deemed to be the accounting acquirer. As a result, all of AFN’s assets and liabilities were required to be revalued at fair value as of the acquisition date. The remaining membership interests of Cohen Brothers that were not held by AFN were included as a component of non-controlling interest in the consolidated balance sheets. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">Subsequent to the Merger, AFN was renamed Cohen & Company Inc. In January 2011, it was renamed again as Institutional Financial Markets, Inc. (“IFMI”) and on September 1, 2017 it was renamed again as Cohen & Company Inc.  Effective January 1, 2010, the Company ceased to qualify as  a REIT.  </font> </p> <p style="margin:10pt 0pt 0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">The Company</font> </p> <p style="margin:7pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company is a financial services company specializing in fixed income markets. As of </font><font style="display: inline;">June 30, 2019</font><font style="display: inline;">, the Company had </font><font style="display: inline;">$2.80</font><font style="display: inline;"> billion in assets under management (“AUM”) of which </font><font style="display: inline;">82.7%</font><font style="display: inline;">, or </font><font style="display: inline;">$2.31</font><font style="display: inline;"> billion, was in collateralized debt obligations (“CDOs”). The remaining portion of AUM is from a diversified mix of Investment Vehicles (as defined herein). </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">In these financial statements, the </font><font style="display: inline;">“Company”</font><font style="display: inline;"> refers to Cohen & Company Inc. and its subsidiaries on a consolidated basis. Cohen & Company, LLC or the </font><font style="display: inline;">“Operating LLC”</font><font style="display: inline;"> refers to the main operating subsidiary of the Company.  </font><font style="display: inline;">“Cohen Brothers”</font><font style="display: inline;"> refers to the pre-Merger Cohen Brothers, LLC and its subsidiaries. “AFN” refers to the pre-merger Alesco Financial Inc. and its subsidiaries. When the term “Cohen & Company Inc.” is used, it is referring to the parent company itself. </font><font style="display: inline;">“JVB Holdings”</font><font style="display: inline;"> refers to J.V.B. Financial Holdings, LLC; </font><font style="display: inline;">“JVB”</font><font style="display: inline;"> refers to J.V.B. Financial Group LLC, a broker dealer subsidiary; </font><font style="display: inline;">“CCFL”</font><font style="display: inline;"> refers to Cohen & Company Financial Limited (formerly known as EuroDekania Management LTD), a subsidiary regulated by the Financial Conduct Authority (formerly known as Financial Services Authority) in the United Kingdom; “CCFEL” refers to Cohen & Company Financial (Europe) Limited, a subsidiary regulated by the Central Bank of Ireland in Ireland; and “EuroDekania” refers to EuroDekania (Cayman) Ltd., a Cayman Islands exempted company that is externally managed by CCFL.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company’s business is organized into the following three business segments. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.45pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Capital Markets</font><font style="display: inline;">: The Company’s Capital Markets business segment consists primarily of fixed income sales, trading, matched book repurchase agreement (“repo”) financing, new issue placements in corporate and securitized products, and advisory services. The Company’s fixed income sales and trading group provides trade execution to corporate investors, institutional investors, mortgage originators, and other smaller broker-dealers. The Company specializes in a variety of products, including but not limited to: corporate bonds, asset backed securities (“ABS”), mortgage backed securities (“MBS”), residential mortgage backed securities (“RMBS”), CDOs, collateralized loan obligations (“CLOs”), collateralized bond obligations (“CBOs”), collateralized mortgage obligations (“CMOs”), municipal securities, to-be-announced securities (“TBAs”) and other forward agency MBS contracts, Small Business Administration (“SBA”) loans, U.S. government bonds, U.S. government agency securities, brokered deposits and certificates of deposit (“CDs”) for small banks, and hybrid capital of financial institutions including trust preferred securities (“TruPS”), whole loans, and other structured financial instruments. The Company also offers execution and brokerage services for equity products. The Company operates its capital markets activities primarily through its subsidiaries: JVB in the United States, and CCFL and CCFEL in Europe.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:22.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Asset Management</font><font style="display: inline;">: The Company’s Asset Management business segment manages assets within CDOs, managed accounts, joint ventures, and investment funds (collectively referred to as “Investment Vehicles”). A CDO is a form of secured borrowing. The borrowing is secured by different types of fixed income assets such as corporate or mortgage loans or bonds. The borrowing is in the form of a securitization, which means that the lenders are actually investing in notes backed by the assets. In the event of default, the lenders will have recourse only to the assets securing the loan. The Company’s Asset Management business segment includes its fee-based asset management operations, which include ongoing base and incentive management fees. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:22.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Principal Investing</font><font style="display: inline;">: The Company’s Principal Investing business segment is comprised of investments that the Company has made for the purpose of earning an investment return rather than investments made to support the Company’s trading, matched book repo, or other Capital Markets business segment activities.  These investments are a component of the Company’s other investments, at fair value and investment in equity method affiliates in our consolidated balance sheets. </font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company generates its revenue by business segment primarily through the following activities.</font> </p> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;">Capital Markets </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <a name="_c526668a5391476bb38c9a818f1295b2"></a><a name="_2f1baf32d25342a99fc808e322c626b9"></a><a name="_e2947f150db54ab7b5363537e53c402c"></a><a name="_29ff5a578ef64ee98769ab9d683bebe3"></a><a name="_cfa947210b1643ebb8b0dbcf4dc39a8f"></a><a name="_d3e5049644094eda89a9e3563c35318a"></a><a name="_c57bf1f7ca5a4ed6869ca75242318b3e"></a><a name="_5ee78ce666214e65beca645d09f29679"></a><a name="_a2770a8b3b984f16b43d57da9e9cb10c"></a><a name="_aac23c2b58624f80aa3b5d44c2917bda"></a><a name="_592230618e6f4faa9ef3a87d43a2af63"></a><a name="_dd66bf4d5afc4d20a98e77787b1fb508"></a><a name="_857524bdf35d40dda832e3f0bb5cbe5e"></a><a name="_3da9efff7e9748499adb07cf1ae6370f"></a><a name="_e270485ebb91410098f92a442e18be4f"></a><a name="_d0e534fa647f4cb88685f6305a73af22"></a><a name="_d5778631fe6f49ebbc126f613e57474e"></a><a name="_db23443f36e74e56a72848badf5b75b5"></a><a name="_e4ae5dd19cd446949f767c084bd698b6"></a><a name="_21be88c5f92f4ff6834f422f1dff291e"></a><a name="_fe7478ba3a5d48d6b52ae2cb08a3a424"></a><a name="_08578e50329445f2bdef5e46937f77b4"></a><a name="_d58f8479b4084deaab5ae27422eae8f0"></a><a name="_14bcc0933f634562bf6a16605e99e3e2"></a><a name="_be39affba5f142baac2a215ae65f7937"></a><a name="_834e4ed4959247b58e0c6e7b117f7051"></a><a name="_b128b3271d154496ae5bd3b19f0df3cb"></a><font style="display: inline;color:#000000;">Trading activities of the Company, which include execution and brokerage services, riskless trading activities as well as gains and losses (unrealized and realized) and income and expense earned on securities and derivatives classified as trading; </font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;border-bottom:1pt none #D9D9D9;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Net interest income on the Company’s matched book repo financing activities; and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;border-top:1pt none #D9D9D9;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">New issue and advisory revenue comprised primarily of (i) new issue revenue associated with originating, arranging, or placing newly created financial instruments and (ii) revenue from advisory services.</font></p></td></tr></table></div> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;color:#000000;">Asset Management </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Asset management fees for the Company’s on-going asset management services provided to certain Investment Vehicles, which may include fees both senior and subordinate to the securities in the Investment Vehicle, and incentive management fees earned based on the performance of the various Investment Vehicles.</font></p></td></tr></table></div> <p style="margin:6pt 0pt 0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;text-decoration:underline;color:#000000;">Principal Investing </font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:48pt;"><p style="width:48pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 18.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="margin:6pt 0pt 0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:0pt;"><p style="width:0pt;width:0pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin:6pt 0pt 0pt;"> <font style="display: inline;color:#000000;">Gains and losses (unrealized and realized) and income and expense earned on securities classified as other investments, at fair value.</font></p></td></tr></table></div> <p><font size="1"> </font></p> </div> </div>
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1644000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4103000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-16863000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	3500000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	12308000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-8613000
	us-gaap	Net Income Loss NetIncomeLoss	-1394000
CY2018Q2	us-gaap	Net Income Loss NetIncomeLoss	80000
	us-gaap	Net Income Loss NetIncomeLoss	-1612000
CY2019Q2	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2018Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2019Q2	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2018Q4	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	195776000
CY2019Q2	us-gaap	Professional Fees ProfessionalFees	1190000
CY2019Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-603000
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3
	us-gaap	Operating Income Loss OperatingIncomeLoss	1015000
CY2018Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	1375000
	us-gaap	Operating Income Loss OperatingIncomeLoss	450000
CY2019Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	518000
CY2019Q2	us-gaap	Net Income Loss NetIncomeLoss	-410000
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-947000
CY2018Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-270000
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1240000
CY2019Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-618000
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-2028000
CY2018Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	116000
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-2370000
CY2019Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	8338000
	us-gaap	Operating Lease Payments OperatingLeasePayments	709000
CY2019Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7773000
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	663000
CY2018Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	261000
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	787000
CY2019Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	397000
CY2019Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0529
CY2019Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y6M
CY2018Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3168000
CY2019Q2	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	2182000
CY2018Q4	us-gaap	Other Assets OtherAssets	3621000
CY2019Q2	us-gaap	Other Assets OtherAssets	4916000
CY2018Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	33000
CY2019Q2	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	34000
CY2018Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-154000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	25000
CY2019Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	16000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2018Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2019Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2018Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	107000
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-47000
CY2018Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-154000
CY2019Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	9000
	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	25000
CY2019Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	16000
CY2018Q2	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2019Q2	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	126433000
CY2018Q4	us-gaap	Other Receivables OtherReceivables	12072000
CY2019Q2	us-gaap	Other Receivables OtherReceivables	7271000
	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	7890
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	320000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	65000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	525000
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	512000
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	519000
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	212000
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	213000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	75000
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	128000
	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	3775000
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	18885000
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	705000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	307000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	28000
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	5000
CY2019Q2	us-gaap	Preferred Stock Value PreferredStockValue	5000
CY2018Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1009000
CY2019Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1210000
CY2018Q4	us-gaap	Prepaid Taxes PrepaidTaxes	40000
CY2019Q2	us-gaap	Prepaid Taxes PrepaidTaxes	18000
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	8000
	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	48000
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	1210000
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	2550000
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	2329000
	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	8008000
	us-gaap	Professional Fees ProfessionalFees	3121000
CY2018Q2	us-gaap	Professional Fees ProfessionalFees	1379000
	us-gaap	Professional Fees ProfessionalFees	2869000
CY2018Q1	us-gaap	Profit Loss ProfitLoss	-2151000
	us-gaap	Profit Loss ProfitLoss	-2341000
CY2018Q2	us-gaap	Profit Loss ProfitLoss	-190000
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-1824000
	us-gaap	Profit Loss ProfitLoss	-2852000
CY2019Q2	us-gaap	Profit Loss ProfitLoss	-1028000
CY2018Q4	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	1133000
CY2019Q2	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	1002000
CY2018Q4	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	129812000
CY2019Q2	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	123865000
CY2018Q4	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2019Q2	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2018Q3	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	1461000
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-31926000
CY2019Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-34077000
	us-gaap	Revenues Revenues	21528000
CY2018Q2	us-gaap	Revenues Revenues	12190000
	us-gaap	Revenues Revenues	22309000
CY2019Q2	us-gaap	Revenues Revenues	11169000
CY2018Q4	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	7632230000
CY2019Q2	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	6054821000
CY2018Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	7671764000
CY2019Q2	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	6104767000
CY2018Q4	us-gaap	Security Deposit SecurityDeposit	669000
CY2019Q2	us-gaap	Security Deposit SecurityDeposit	664000
	us-gaap	Share Based Compensation ShareBasedCompensation	291000
	us-gaap	Share Based Compensation ShareBasedCompensation	363000
CY2018Q4	us-gaap	Shares Outstanding SharesOutstanding	1110717
CY2019Q2	us-gaap	Shares Outstanding SharesOutstanding	1143909
	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	15557
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	35774000
CY2019Q2	us-gaap	Stockholders Equity StockholdersEquity	33855000
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	48156000
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	45709000
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	44940000
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	42438000
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	42736000
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	41579000
CY2018Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	71000
CY2018Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	249000
CY2019Q1	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	65000
	us-gaap	Sublease Income SubleaseIncome	107000
CY2018Q2	us-gaap	Sublease Income SubleaseIncome	53000
	us-gaap	Sublease Income SubleaseIncome	130000
CY2019Q2	us-gaap	Sublease Income SubleaseIncome	65000
	us-gaap	Trading Gains Losses TradingGainsLosses	13377000
CY2018Q2	us-gaap	Trading Gains Losses TradingGainsLosses	7186000
	us-gaap	Trading Gains Losses TradingGainsLosses	17394000
CY2019Q2	us-gaap	Trading Gains Losses TradingGainsLosses	8670000
CY2018Q4	us-gaap	Trading Securities TradingSecurities	301235000
CY2019Q2	us-gaap	Trading Securities TradingSecurities	237950000
	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	7794000
CY2018Q2	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	3569000
	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	9926000
CY2019Q2	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	3540000
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	2201000
CY2018Q2	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	2188000
	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	2371000
CY2019Q2	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	1967000
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	1382000
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	172000
CY2018Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	5273000
CY2019Q2	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	4967000
CY2018Q4	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Liabilities VariableInterestEntityNonconsolidatedCarryingAmountLiabilities	0
CY2019Q2	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Liabilities VariableInterestEntityNonconsolidatedCarryingAmountLiabilities	0
CY2018	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	2
	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	2
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1705107
CY2018Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1719671
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1670947
CY2019Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1676318
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1172698
CY2018Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1172919
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1138538
CY2019Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1143909

Files In Submission

Name	View Source	Status
0001270436-19-000014-index-headers.html	Edgar Link	pending
0001270436-19-000014-index.html	Edgar Link	pending
0001270436-19-000014.txt	Edgar Link	pending
0001270436-19-000014-xbrl.zip	Edgar Link	pending
cohn-20190630.xml	Edgar Link	completed
cohn-20190630.xsd	Edgar Link	pending
cohn-20190630x10q.htm	Edgar Link	pending
cohn-20190630xex18_1.htm	Edgar Link	pending
cohn-20190630xex31_1.htm	Edgar Link	pending
cohn-20190630xex31_2.htm	Edgar Link	pending
cohn-20190630xex32_1.htm	Edgar Link	pending
cohn-20190630xex32_2.htm	Edgar Link	pending
cohn-20190630_cal.xml	Edgar Link	unprocessable
cohn-20190630_def.xml	Edgar Link	unprocessable
cohn-20190630_lab.xml	Edgar Link	unprocessable
cohn-20190630_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
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$COHN
Cohen & Co Inc. Stock $cohn

2019 Q2 Form 10-Q Financial Statement

#000127043619000014 Filed on August 05, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$COHN Cohen & Co Inc. Stock $cohn

2019 Q2 Form 10-Q Financial Statement

#000127043619000014 Filed on August 05, 2019

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$COHN
Cohen & Co Inc. Stock $cohn