$COHN
Cohen & Co Inc. Stock $cohn

$cohn Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-K Financial Statement

#000127043620000003 Filed on March 06, 2020

Income Statement

Concept	2018 Q4	2017 Q4	2017
Revenue	$15.62M	$11.68M	$47.54M
YoY Change	33.8%	-11.55%	-14.1%
Cost Of Revenue	$3.855M	$1.700M	$7.345M
YoY Change	126.76%	6.25%	16.24%
Gross Profit	$11.77M	$10.00M	$40.20M
YoY Change	17.66%	-13.79%	-18.01%
Gross Profit Margin	75.32%	85.65%	84.55%
Selling, General & Admin	$9.393M	$7.900M	$32.55M
YoY Change	18.9%	-12.22%	-18.94%
% of Gross Profit	79.83%	79.0%	80.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$85.00K	$0.00	$249.0K
YoY Change		-100.0%	-14.43%
% of Gross Profit	0.72%	0.0%	0.62%
Operating Expenses	$9.478M	$7.900M	$32.80M
YoY Change	19.97%	-13.19%	-18.91%
Operating Profit	$2.288M	$2.099M	$7.402M
YoY Change	9.0%	-16.04%	-13.79%
Interest Expense	$2.282M	$1.848M	$6.178M
YoY Change	23.48%	-202.67%	30.48%
% of Operating Profit	99.74%	88.04%	83.46%
Other Income/Expense, Net			-$6.178M
YoY Change			30.48%
Pretax Income	$6.000K	$251.0K	$1.224M
YoY Change	-97.61%	-64.14%	-68.22%
Income Tax	$418.0K	-$1.359M	-$1.211M
% Of Pretax Income	6966.67%	-541.43%	-98.94%
Net Earnings	-$418.0K	$1.513M	$2.064M
YoY Change	-127.63%	656.5%	-8.95%
Net Earnings / Revenue	-2.68%	12.96%	4.34%
Basic Earnings Per Share	-$0.37	$1.26	$1.71
Diluted Earnings Per Share	-$0.37	$0.90	$1.60
COMMON SHARES
Basic Shares Outstanding	1.118M	1.199M	1.207M
Diluted Shares Outstanding	1.650M	3.054M	2.592M

Balance Sheet

Concept	2018 Q4	2017 Q4	2017
SHORT-TERM ASSETS
Cash & Short-Term Investments	$14.11M	$23.00M	$22.93M
YoY Change	-38.67%	53.33%	50.72%
Cash & Equivalents	$14.11M	$22.93M	$22.93M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables	$130.6M	$104.0M	$104.1M
Other Receivables	$12.07M	$4.000M	$3.513M
Total Short-Term Assets	$156.8M	$131.0M	$130.6M
YoY Change	19.68%	29.7%	28.43%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.133M	$392.0K
YoY Change	189.03%
Goodwill	$7.992M	$7.992M
YoY Change	0.0%	0.0%
Intangibles	$166.0K	$166.0K
YoY Change	0.0%	0.0%
Long-Term Investments	$0.00	$215.0M	$215.1M
YoY Change	-100.0%	30.3%	30.0%
Other Assets
YoY Change
Total Long-Term Assets	$7.959B	$1.905B	$1.906B
YoY Change	317.73%	314.19%	314.64%
TOTAL ASSETS
Total Short-Term Assets	$156.8M	$131.0M	$130.6M
Total Long-Term Assets	$7.959B	$1.905B	$1.906B
Total Assets	$8.116B	$2.036B	$2.036B
YoY Change	298.56%	262.97%	262.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$213.1M	$136.0M	$130.6M
YoY Change	56.65%	43.16%	52.23%
Accrued Expenses	$5.254M	$4.000M	$4.406M
YoY Change	31.35%	-20.0%	-8.11%
Deferred Revenue
YoY Change
Short-Term Debt	$7.672B	$1.692B	$1.784B
YoY Change	353.41%	473.56%	368.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$7.890B	$1.832B	$1.794B
YoY Change	330.68%	363.8%	354.02%
LONG-TERM LIABILITIES
Long-Term Debt	$60.98M	$61.00M	$60.91M
YoY Change	-0.03%	103.33%	106.31%
Other Long-Term Liabilities	$120.1M	$92.00M
YoY Change	30.57%	8.24%
Total Long-Term Liabilities	$181.1M	$153.0M	$60.91M
YoY Change	18.37%	33.04%	106.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$7.890B	$1.832B	$1.794B
Total Long-Term Liabilities	$181.1M	$153.0M	$60.91M
Total Liabilities	$8.073B	$1.988B	$1.996B
YoY Change	306.08%	280.86%	282.09%
SHAREHOLDERS EQUITY
Retained Earnings	-$31.93M	-$28.50M
YoY Change	12.03%
Common Stock	$12.00K	$12.00K
YoY Change	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$35.77M	$39.87M	$39.87M
YoY Change
Total Liabilities & Shareholders Equity	$8.116B	$2.036B	$2.036B
YoY Change	298.56%	262.97%	262.79%

Cashflow Statement

Concept	2018 Q4	2017 Q4	2017
OPERATING ACTIVITIES
Net Income	-$418.0K	$1.513M	$2.064M
YoY Change	-127.63%	656.5%	-8.95%
Depreciation, Depletion And Amortization	$85.00K	$0.00	$249.0K
YoY Change		-100.0%	-14.43%
Cash From Operating Activities	-$6.400M	$8.400M	-$11.92M
YoY Change	-176.19%	-1150.0%	36.48%
INVESTING ACTIVITIES
Capital Expenditures	-$423.0K	$0.00	$143.0K
YoY Change			-35.87%
Acquisitions
YoY Change
Other Investing Activities	$15.87M	-$6.800M	-$3.753M
YoY Change	-333.35%	-1460.0%	-145.91%
Cash From Investing Activities	$15.45M	-$6.900M	-$3.896M
YoY Change	-323.84%	-1480.0%	-149.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$572.0K
YoY Change			-75.4%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.000K	-800.0K	23.12M
YoY Change	-100.12%	-114.04%	919.31%
NET CHANGE
Cash From Operating Activities	-6.400M	8.400M	-11.92M
Cash From Investing Activities	15.45M	-6.900M	-3.896M
Cash From Financing Activities	1.000K	-800.0K	23.12M
Net Change In Cash	9.046M	700.0K	7.717M
YoY Change	1192.29%	-87.04%	418.62%
FREE CASH FLOW
Cash From Operating Activities	-$6.400M	$8.400M	-$11.92M
Capital Expenditures	-$423.0K	$0.00	$143.0K
Free Cash Flow	-$5.977M	$8.400M	-$12.06M
YoY Change	-171.15%	-1150.0%	34.68%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2017	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	1123000
CY2018	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	1423000
CY2019	cohn	Accretion Of Income Loss On Other Investments AccretionOfIncomeLossOnOtherInvestments	424000
CY2017	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	81000
CY2018	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	217000
CY2019	cohn	Acquisition Surrender Of Additional Units Of Consolidated Subsidiary Net AcquisitionSurrenderOfAdditionalUnitsOfConsolidatedSubsidiaryNet	-28000
CY2017	cohn	Business Development Occupancy Equipment BusinessDevelopmentOccupancyEquipment	2723000
CY2018	cohn	Business Development Occupancy Equipment BusinessDevelopmentOccupancyEquipment	2995000
CY2019	cohn	Business Development Occupancy Equipment BusinessDevelopmentOccupancyEquipment	3402000
CY2017Q3	cohn	Cash Payment In Lieu Of Shares CashPaymentInLieuOfShares	4000
CY2017	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	1983000
CY2018	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-2680000
CY2019	cohn	Changes From Net Income Attributable To Parent And Transfers To From Non Controlling Interest ChangesFromNetIncomeAttributableToParentAndTransfersToFromNonControllingInterest	-2026000
CY2017Q3	cohn	Common Stock Pre Split Par Value Per Share CommonStockPreSplitParValuePerShare	0.001
CY2018Q4	cohn	Common Stock Unvested Restricted Share Awards CommonStockUnvestedRestrictedShareAwards	93479
CY2019Q4	cohn	Common Stock Unvested Restricted Share Awards CommonStockUnvestedRestrictedShareAwards	73715
CY2018Q4	cohn	Deferred Tax Assets Liabilities Gross DeferredTaxAssetsLiabilitiesGross	87299000
CY2019Q4	cohn	Deferred Tax Assets Liabilities Gross DeferredTaxAssetsLiabilitiesGross	92779000
CY2018Q4	cohn	Deferred Tax Liabilities Unrealized Gain On Debt DeferredTaxLiabilitiesUnrealizedGainOnDebt	7335000
CY2019Q4	cohn	Deferred Tax Liabilities Unrealized Gain On Debt DeferredTaxLiabilitiesUnrealizedGainOnDebt	7911000
CY2017	cohn	Dividends And Distributions DividendsAndDistributions	1410000
CY2018	cohn	Dividends And Distributions DividendsAndDistributions	1392000
CY2019	cohn	Dividends And Distributions DividendsAndDistributions	732000
CY2017	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	550000
CY2018	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	390000
CY2019	cohn	Earnings Per Share Adjustment EarningsPerShareAdjustment	246000
CY2017	cohn	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Change On Valuation EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017ChangeOnValuation	-40139000
CY2018	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Accretion FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretion	1365000
CY2019	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Accretion FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetAccretion	414000
CY2018	cohn	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Net Trading FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisNetTrading	-200000
CY2018	cohn	Fair Value Transfers From Level2 To3 Amount FairValueTransfersFromLevel2To3Amount	0
CY2019	cohn	Fair Value Transfers From Level2 To3 Amount FairValueTransfersFromLevel2To3Amount	0
CY2017Q3	cohn	Fractional Shares Issued FractionalSharesIssued	0
CY2017	cohn	Income Tax Expense Benefit Impact IncomeTaxExpenseBenefitImpact	-131000
CY2018	cohn	Income Tax Expense Benefit Impact IncomeTaxExpenseBenefitImpact	394000
CY2019	cohn	Income Tax Expense Benefit Impact IncomeTaxExpenseBenefitImpact	319000
CY2019	cohn	Increase Decrease Due To Recorded Interest Income In Redeemable Financial Instruments IncreaseDecreaseDueToRecordedInterestIncomeInRedeemableFinancialInstruments	-233000
CY2019	cohn	Increase Decrease Other Investments IncreaseDecreaseOtherInvestments	7779000
CY2017	cohn	Interest On Margin Payable InterestOnMarginPayable	677000
CY2018	cohn	Interest On Margin Payable InterestOnMarginPayable	2031000
CY2019	cohn	Interest On Margin Payable InterestOnMarginPayable	3168000
CY2018Q4	cohn	Interest Payable Securities Sold Not Yet Purchased InterestPayableSecuritiesSoldNotYetPurchased	1184000
CY2019Q4	cohn	Interest Payable Securities Sold Not Yet Purchased InterestPayableSecuritiesSoldNotYetPurchased	914000
CY2019	cohn	Intraday Lending Facility Annual Interest Rate IntradayLendingFacilityAnnualInterestRate	0.0012
CY2018Q4	cohn	Intraday Lending Facility Commitment Amount IntradayLendingFacilityCommitmentAmount	75000000
CY2019	cohn	Intraday Lending Facility Renewal Period IntradayLendingFacilityRenewalPeriod	P364D
CY2019	cohn	Investment Agreement Alternative Period Of Required Prior Written Notice Contingency InvestmentAgreementAlternativePeriodOfRequiredPriorWrittenNoticeContingency	P60D
CY2019	cohn	Investment Agreement Writtent Notice Period For Termination InvestmentAgreementWrittentNoticePeriodForTermination	P90D
CY2019	cohn	Investments In And Advance To Affiliates Amount Of Equity InvestmentsInAndAdvanceToAffiliatesAmountOfEquity	4352000
CY2018Q4	cohn	Management Fee Receivable ManagementFeeReceivable	947000
CY2019Q4	cohn	Management Fee Receivable ManagementFeeReceivable	1159000
CY2017	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary
CY2019	cohn	Minority Interest Increase Decrease Related To Units Of Consolidated Subsidiary MinorityInterestIncreaseDecreaseRelatedToUnitsOfConsolidatedSubsidiary	-23000
CY2018Q4	cohn	New Issue And Advisory Fees Receivable NewIssueAndAdvisoryFeesReceivable	2100000
CY2019	cohn	Noncontrolling Interest Decrease Increase Net NoncontrollingInterestDecreaseIncreaseNet	-2550000
CY2019	cohn	Number Of Common Stock To Membership Units Ratio NumberOfCommonStockToMembershipUnitsRatio	1
CY2019	cohn	Number Of Entities Used For Investment In Private Offering NumberOfEntitiesUsedForInvestmentInPrivateOffering	2
CY2019	cohn	Number Of Shares Of Common Stock Per Every Ten Units Subject To Appropriate Adjustment NumberOfSharesOfCommonStockPerEveryTenUnitsSubjectToAppropriateAdjustment	1
CY2019	cohn	Number Of Trading Days For Redemption Notice NumberOfTradingDaysForRedemptionNotice	P10D
CY2019Q4	cohn	Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals Current OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsCurrent	208000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals In Two Years OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentalsInTwoYears	70000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncome	9338000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income After Five Years OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeAfterFiveYears	4094000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income Current OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeCurrent	1353000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income In Five Years OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeInFiveYears	983000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income In Four Years OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeInFourYears	950000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income In Three Years OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeInThreeYears	927000
CY2019Q4	cohn	Operating Leases Future Minimum Payments Net Of Sub Lease Income In Two Years OperatingLeasesFutureMinimumPaymentsNetOfSubLeaseIncomeInTwoYears	1031000
CY2017	cohn	Other Comprehensive Income Acquisition Surrender Of Additional Units OtherComprehensiveIncomeAcquisitionSurrenderOfAdditionalUnits	-5000
CY2018	cohn	Other Comprehensive Income Acquisition Surrender Of Additional Units OtherComprehensiveIncomeAcquisitionSurrenderOfAdditionalUnits	-22000
CY2019	cohn	Other Comprehensive Income Acquisition Surrender Of Additional Units OtherComprehensiveIncomeAcquisitionSurrenderOfAdditionalUnits	4000
CY2018Q4	cohn	Other Investment Cost OtherInvestmentCost	15332000
CY2019Q4	cohn	Other Investment Cost OtherInvestmentCost	14315000
CY2018Q4	cohn	Other Investments Fair Value Disclosure OtherInvestmentsFairValueDisclosure	13768000
CY2019Q4	cohn	Other Investments Fair Value Disclosure OtherInvestmentsFairValueDisclosure	14864000
CY2018Q4	cohn	Other Investments Measured Using Fair Value Hierarchy Fair Value Disclosure OtherInvestmentsMeasuredUsingFairValueHierarchyFairValueDisclosure	9718000
CY2019Q4	cohn	Other Investments Measured Using Fair Value Hierarchy Fair Value Disclosure OtherInvestmentsMeasuredUsingFairValueHierarchyFairValueDisclosure	11973000
CY2018Q4	cohn	Other Investments Unrealized Gain Loss OtherInvestmentsUnrealizedGainLoss	-1564000
CY2019Q4	cohn	Other Investments Unrealized Gain Loss OtherInvestmentsUnrealizedGainLoss	549000
CY2018Q4	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	310000
CY2019Q4	cohn	Other Miscellaneous Receivables OtherMiscellaneousReceivables	595000
CY2018Q4	cohn	Payables From Unsettled Regular Way Trades Net PayablesFromUnsettledRegularWayTradesNet	5822000
CY2019	cohn	Placement Units Exercisable Period PlacementUnitsExercisablePeriod	P5Y
CY2017	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	6396000
CY2018	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	4573000
CY2019	cohn	Principal Transactions And Other Income PrincipalTransactionsAndOtherIncome	2103000
CY2017	cohn	Proceeds From Payments For Redeemable Financial Instruments ProceedsFromPaymentsForRedeemableFinancialInstruments	11000000
CY2018	cohn	Proceeds From Payments For Redeemable Financial Instruments ProceedsFromPaymentsForRedeemableFinancialInstruments	500000
CY2019	cohn	Proceeds From Payments For Redeemable Financial Instruments ProceedsFromPaymentsForRedeemableFinancialInstruments	1268000
CY2017	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	-1111000
CY2018	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	490000
CY2019	cohn	Realized Loss Gain On Other Investments RealizedLossGainOnOtherInvestments	-1033000
CY2019Q4	cohn	Receivables From Unsettled Regular Way Trades Net ReceivablesFromUnsettledRegularWayTradesNet	12170000
CY2018Q4	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	17448000
CY2019Q4	cohn	Redeemable Financial Instrument RedeemableFinancialInstrument	16983000
CY2017	cohn	Subscriptions Clearing And Execution SubscriptionsClearingAndExecution	7296000
CY2018	cohn	Subscriptions Clearing And Execution SubscriptionsClearingAndExecution	8627000
CY2019	cohn	Subscriptions Clearing And Execution SubscriptionsClearingAndExecution	9682000
CY2018Q4	cohn	Trading Receivable Net TradingReceivableNet	6216000
CY2019Q4	cohn	Trading Receivable Net TradingReceivableNet	41172000
CY2019	cohn	Trading Securities Interest Expense Credit Facility TradingSecuritiesInterestExpenseCreditFacility	100000
CY2017	cohn	Rent And Utility Expense Sublease Income Offset RentAndUtilityExpenseSubleaseIncomeOffset	11000
CY2019	cohn	Redemption Of Redeemable Financial Instrument RedemptionOfRedeemableFinancialInstrument	1500000
CY2019	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 1703
CY2019	dei	Entity Address City Or Town EntityAddressCityOrTown	Philadelphia
CY2019	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	19104
CY2019	dei	Entity Address State Or Province EntityAddressStateOrProvince	PA
CY2019	dei	Entity Central Index Key EntityCentralIndexKey	0001270436
CY2017	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	10234000
CY2018	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	63707000
CY2019	cohn	Trading Securities Interest Expense Securities Sold Under Agreement To Repurchase TradingSecuritiesInterestExpenseSecuritiesSoldUnderAgreementToRepurchase	164851000
CY2017	cohn	Trading Securities Interest Income TradingSecuritiesInterestIncome	2071000
CY2018	cohn	Trading Securities Interest Income TradingSecuritiesInterestIncome	5040000
CY2019	cohn	Trading Securities Interest Income TradingSecuritiesInterestIncome	6921000
CY2019	cohn	Trading Securities Interest Income Loans Held For Sale TradingSecuritiesInterestIncomeLoansHeldForSale	236000
CY2017	cohn	Trading Securities Interest Income Receivables Under Resale Agreements TradingSecuritiesInterestIncomeReceivablesUnderResaleAgreements	13874000
CY2018	cohn	Trading Securities Interest Income Receivables Under Resale Agreements TradingSecuritiesInterestIncomeReceivablesUnderResaleAgreements	67846000
CY2019	cohn	Trading Securities Interest Income Receivables Under Resale Agreements TradingSecuritiesInterestIncomeReceivablesUnderResaleAgreements	176336000
CY2017	cohn	Trading Securities Realized And Unrealized Gains Losses TradingSecuritiesRealizedAndUnrealizedGainsLosses	21875000
CY2018	cohn	Trading Securities Realized And Unrealized Gains Losses TradingSecuritiesRealizedAndUnrealizedGainsLosses	22150000
CY2019	cohn	Trading Securities Realized And Unrealized Gains Losses TradingSecuritiesRealizedAndUnrealizedGainsLosses	22798000
CY2017	cohn	Unrestricted Units Exchangeable Into Shares UnrestrictedUnitsExchangeableIntoShares	532409
CY2018	cohn	Unrestricted Units Exchangeable Into Shares UnrestrictedUnitsExchangeableIntoShares	532409
CY2019	cohn	Unrestricted Units Exchangeable Into Shares UnrestrictedUnitsExchangeableIntoShares	544599
CY2017	cohn	Vesting Of Shares VestingOfShares
CY2018	cohn	Vesting Of Shares VestingOfShares
CY2019	cohn	Vesting Of Shares VestingOfShares
CY2019	dei	Amendment Flag AmendmentFlag	false
CY2019	dei	City Area Code CityAreaCode	215
CY2019	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2019	dei	Document Annual Report DocumentAnnualReport	true
CY2019	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2019	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2019
CY2019	dei	Document Period End Date DocumentPeriodEndDate	2019-12-31
CY2019	dei	Document Transition Report DocumentTransitionReport	false
CY2019	dei	Document Type DocumentType	10-K
CY2019	dei	Entity Address Address Line1 EntityAddressAddressLine1	2929 Arch Street
CY2018Q4	us-gaap	Due From Related Parties DueFromRelatedParties	793000
CY2020Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1246710
CY2019	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2019	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2019	dei	Entity File Number EntityFileNumber	001-32026
CY2019	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2019	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2019	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2019Q2	dei	Entity Public Float EntityPublicFloat	4400000
CY2019	dei	Entity Registrant Name EntityRegistrantName	Cohen & Co Inc.
CY2019	dei	Entity Shell Company EntityShellCompany	false
CY2019	dei	Entity Small Business EntitySmallBusiness	true
CY2019	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	16-1685692
CY2019	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2019	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2019	dei	Local Phone Number LocalPhoneNumber	701-9555
CY2019	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01 per share
CY2019	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2019	dei	Trading Symbol TradingSymbol	COHN
CY2018Q4	srt	Excess Net Capital At1500 Percent ExcessNetCapitalAt1500Percent	53897000
CY2019Q4	srt	Excess Net Capital At1500 Percent ExcessNetCapitalAt1500Percent	59915000
CY2018Q4	srt	Minimum Net Capital Required1 MinimumNetCapitalRequired1	1143000
CY2019Q4	srt	Minimum Net Capital Required1 MinimumNetCapitalRequired1	1695000
CY2018Q4	srt	Net Capital NetCapital	55040000
CY2019Q4	srt	Net Capital NetCapital	61610000
CY2018Q4	srt	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	201598000
CY2019Q4	srt	Payables To Broker Dealers And Clearing Organizations PayablesToBrokerDealersAndClearingOrganizations	241261000
CY2018Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	11452000
CY2019Q4	us-gaap	Accounts Payable And Accrued Liabilities Current And Noncurrent AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent	20295000
CY2018Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	11452000
CY2019Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	20295000
CY2018Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	359000
CY2019Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	362000
CY2018Q4	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	140000
CY2019Q4	us-gaap	Accrued Fees And Other Revenue Receivable AccruedFeesAndOtherRevenueReceivable	150000
CY2018Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	2359000
CY2019Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	3549000
CY2018Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	721000
CY2019Q4	us-gaap	Accrued Payroll Taxes Current AccruedPayrollTaxesCurrent	729000
CY2018Q4	us-gaap	Accrued Rent Current And Noncurrent AccruedRentCurrentAndNoncurrent	405000
CY2018Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets	1487000
CY2019Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets	981000
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1074000
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-850000
CY2018Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-908000
CY2019Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-915000
CY2018Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	68591000
CY2019Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	68714000
CY2017	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	100000
CY2019	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	128000
CY2017	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	732000
CY2018	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	623000
CY2019	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	744000
CY2017	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1054000
CY2018	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	820000
CY2019	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	548000
CY2017	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	332000
CY2019Q4	us-gaap	Assets Under Management Carrying Amount AssetsUnderManagementCarryingAmount	2760000000
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15216000
CY2017Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22933000
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14106000
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8304000
CY2018	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	552000
CY2019	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	509000
CY2017	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	274917
CY2018	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1413155
CY2019	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1468218
CY2018Q4	us-gaap	Assets Assets	8115629000
CY2019Q4	us-gaap	Assets Assets	8001624000
CY2017	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7717000
CY2018	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8827000
CY2019	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5802000
CY2018Q4	us-gaap	Collateralized Financings CollateralizedFinancings	4227000
CY2019Q4	us-gaap	Collateralized Financings CollateralizedFinancings	9524000
CY2019Q4	us-gaap	Commissions Payable To Broker Dealers And Clearing Organizations CommissionsPayableToBrokerDealersAndClearingOrganizations	32820000
CY2018Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2019Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2017	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2018	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.80
CY2019	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.40
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2019Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2019Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1204196
CY2019Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	1193624
CY2017Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1262584
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1204196
CY2019Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	1193624
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	12000
CY2019Q4	us-gaap	Common Stock Value CommonStockValue	12000
CY2017	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2283000
CY2018	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2543000
CY2019	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2057000
CY2017	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	461000
CY2018	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1562000
CY2019	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-1518000
CY2017	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	2744000
CY2018	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-4105000
CY2019	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-3575000
CY2017	us-gaap	Costs And Expenses CostsAndExpenses	40140000
CY2018	us-gaap	Costs And Expenses CostsAndExpenses	45727000
CY2019	us-gaap	Costs And Expenses CostsAndExpenses	45625000
CY2019Q4	us-gaap	Cumulative Effect Of New Accounting Principle In Period Of Adoption CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	-20000
CY2017	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	51000
CY2018	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-29000
CY2019	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-1000
CY2017	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	17000
CY2018	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	26000
CY2019	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit	156000
CY2017	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	68000
CY2018	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-3000
CY2019	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	155000
CY2017	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit
CY2018	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit
CY2019	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit
CY2018Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	50159000
CY2019Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	58635000
CY2018Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	571000
CY2019Q4	us-gaap	Deferred Costs Current And Noncurrent DeferredCostsCurrentAndNoncurrent	301000
CY2017	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1499000
CY2018	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-722000
CY2019	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-324000
CY2017	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit
CY2018	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit
CY2019	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit
CY2017	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1279000
CY2018	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-838000
CY2019	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-678000
CY2018Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	7335000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	7911000
CY2018Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	2017000
CY2019Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	1339000
CY2017	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	220000
CY2018	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-116000
CY2019	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-354000
CY2018Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	44125000
CY2019Q4	us-gaap	Deferred Tax Assets Capital Loss Carryforwards DeferredTaxAssetsCapitalLossCarryforwards	47027000
CY2018Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	94634000
CY2019Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	100690000
CY2018Q4	us-gaap	Deferred Tax Assets Investment In Subsidiaries DeferredTaxAssetsInvestmentInSubsidiaries	22701000
CY2019Q4	us-gaap	Deferred Tax Assets Investment In Subsidiaries DeferredTaxAssetsInvestmentInSubsidiaries	24569000
CY2018Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	5318000
CY2019Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	6572000
CY2018Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	20790000
CY2019Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	21508000
CY2018Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	4280000
CY2019Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	5061000
CY2018Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2738000
CY2019Q4	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	2525000
CY2018Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	89316000
CY2019Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	94118000
CY2017	us-gaap	Depreciation And Amortization DepreciationAndAmortization	249000
CY2018	us-gaap	Depreciation And Amortization DepreciationAndAmortization	261000
CY2019	us-gaap	Depreciation And Amortization DepreciationAndAmortization	318000
CY2018Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	2080000
CY2019Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	669000
CY2017	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	371000
CY2018	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-1524000
CY2019	us-gaap	Dilutive Securities Effect On Basic Earnings Per Share Other DilutiveSecuritiesEffectOnBasicEarningsPerShareOther	-1231000
CY2019Q4	us-gaap	Due From Related Parties DueFromRelatedParties	466000
CY2018Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	714000
CY2019Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	403000
CY2019	us-gaap	Due To And From Broker Dealers And Clearing Organizations Disclosure DueToAndFromBrokerDealersAndClearingOrganizationsDisclosure	<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;border-bottom:1pt none #D9D9D9;font-family:Times New Roman;;"> 12.</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:0pt;"> <font style="display: inline;font-weight:bold;color:#000000;">RECEIVABLES FROM AND PAYABLES TO BROKERS, DEALERS, AND CLEARING AGENCIES </font></p></td></tr></table></div> <p style="margin:0pt 0pt 0pt 35.95pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Amounts receivable from brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;color:#000000;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;color:#000000;"></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;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="5" 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;">As of December 31,</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;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 solid #000000 ;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;">2019</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt solid #000000 ;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 solid #000000 ;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;">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 organizations</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">12,170  </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;">Receivable from clearing organizations</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 solid #000000 ;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 solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">83,712  </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 solid #000000 ;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 solid #000000 ;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">96,132  </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> <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></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:2pt double #000000 ;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:2pt double #000000 ;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: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:2pt double #000000 ;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:2pt double #000000 ;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> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Amounts payable to brokers, dealers, and clearing agencies consisted of the following. </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;color:#000000;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 1pt"> <font style="display: inline;font-size:1pt;color:#000000;"></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;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;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 colspan="5" 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;">As of December 31,</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;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 solid #000000 ;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;">2019</font></p> </td> <td valign="bottom" style="width:01.66%;border-top:1pt solid #000000 ;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 solid #000000 ;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;">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 none #D9D9D9 ;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 none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">208,441  </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;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 ;;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;">Due to clearing agent</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 solid #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">  </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 ;background-color: #CCEEFF;;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap">32,820  </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 solid #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">  </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 ;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> </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;">     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 ;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">241,261  </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">201,598  </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></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:2pt double #000000 ;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:2pt double #000000 ;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: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:2pt double #000000 ;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:2pt double #000000 ;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> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Deposits with clearing organizations 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;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">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;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Receivables from clearing organizations 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;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">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 organizations serve as collateral for the margin payable.  See note 5 for interest expense incurred on margin payable.</font><font style="display: inline;color:#000000;"> </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">Due to clearing agent represents amounts due to Bank of New York under the Company’s intra-day and overnight lending facility supporting the GCF matched repo business.  See note 11.</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>
CY2017	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.71
CY2018	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-2.14
CY2019	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.81
CY2017	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.60
CY2018	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-2.14
CY2019	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.81
CY2018	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.35
CY2019	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2017	us-gaap	Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Amount EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActOf2017Amount	38867000
CY2017	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	411000
CY2018	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-262000
CY2019	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-9000
CY2018Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	5254000
CY2019Q4	us-gaap	Employee Related Liabilities Current And Noncurrent EmployeeRelatedLiabilitiesCurrentAndNoncurrent	4046000
CY2019Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized	431000
CY2019	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y
CY2019Q4	us-gaap	Equity Method Investments EquityMethodInvestments	3799000
CY2019Q4	us-gaap	Equity Method Investment Summarized Financial Information Assets EquityMethodInvestmentSummarizedFinancialInformationAssets	3799000
CY2018Q4	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets
CY2019Q4	us-gaap	Equity Method Investment Underlying Equity In Net Assets EquityMethodInvestmentUnderlyingEquityInNetAssets	3799000
CY2018Q4	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0
CY2019Q4	us-gaap	Fair Value Assets Level1 To Level2 Transfers Amount FairValueAssetsLevel1ToLevel2TransfersAmount	0
CY2018	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-683000
CY2019	us-gaap	Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss	-4000
CY2018Q4	us-gaap	Fair Value Liabilities Level2 To Level1 Transfers Amount FairValueLiabilitiesLevel2ToLevel1TransfersAmount	0
CY2019Q4	us-gaap	Fair Value Liabilities Level2 To Level1 Transfers Amount FairValueLiabilitiesLevel2ToLevel1TransfersAmount	0
CY2018	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	218000
CY2019	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1 FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1	123000
CY2018	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases	9851000
CY2018	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	15019000
CY2019	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales	525000
CY2017Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	6577000
CY2018Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2756000
CY2019Q4	us-gaap	Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue	2522000
CY2018Q4	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	7905823000
CY2019Q4	us-gaap	Fair Value Of Securities Received As Collateral That Can Be Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatCanBeResoldOrRepledged	7769693000
CY2018Q4	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	7694018000
CY2019Q4	us-gaap	Fair Value Of Securities Received As Collateral That Have Been Resold Or Repledged FairValueOfSecuritiesReceivedAsCollateralThatHaveBeenResoldOrRepledged	7561978000
CY2017	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	-312000
CY2018	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	2616000
CY2019	us-gaap	Fair Value Option Changes In Fair Value Gain Loss1 FairValueOptionChangesInFairValueGainLoss1	1080000
CY2018Q4	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	120122000
CY2019Q4	us-gaap	Financial Instruments Sold Not Yet Purchased At Fair Value FinancialInstrumentsSoldNotYetPurchasedAtFairValue	77947000
CY2018Q4	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	129562000
CY2019Q4	us-gaap	Good Faith And Margin Deposits With Broker Dealers GoodFaithAndMarginDepositsWithBrokerDealers	83712000
CY2018Q4	us-gaap	Goodwill Goodwill	7992000
CY2019Q4	us-gaap	Goodwill Goodwill	7992000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	974000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-3864000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Domestic IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic	-4400000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1224000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4828000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4096000
CY2017	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	250000
CY2018	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	-964000
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Foreign IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign	304000
CY2019	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-553000
CY2017	us-gaap	Income Taxes Paid IncomeTaxesPaid	47000
CY2018	us-gaap	Income Taxes Paid IncomeTaxesPaid	44000
CY2019	us-gaap	Income Taxes Paid IncomeTaxesPaid	30000
CY2013	us-gaap	Income Tax Examination Estimate Of Possible Loss IncomeTaxExaminationEstimateOfPossibleLoss	4683000
CY2017	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-1211000
CY2018	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-841000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-523000
CY2017	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-315000
CY2018	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	17000
CY2019	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	153000
CY2017	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	17000
CY2018	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	25000
CY2019	us-gaap	Income Tax Reconciliation Foreign Income Tax Rate Differential IncomeTaxReconciliationForeignIncomeTaxRateDifferential	156000
CY2017	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	428000
CY2018	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-1014000
CY2019	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-860000
CY2017	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	62000
CY2018	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-263000
CY2019	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-291000
CY2017	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	-22379000
CY2018	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	-44824000
CY2019	us-gaap	Increase Decrease In Broker Dealer Related Receivables Payables Net IncreaseDecreaseInBrokerDealerRelatedReceivablesPayablesNet	-73343000
CY2017	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	-538000
CY2018	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	2000
CY2019	us-gaap	Increase Decrease In Due To Related Parties Current IncreaseDecreaseInDueToRelatedPartiesCurrent	327000
CY2017	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-389000
CY2018	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	848000
CY2019	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	-1208000
CY2017	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	6704000
CY2018	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	28235000
CY2019	us-gaap	Increase Decrease In Financial Instruments Sold Not Yet Purchased IncreaseDecreaseInFinancialInstrumentsSoldNotYetPurchased	-42175000
CY2017	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	1220000
CY2018	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	6334000
CY2019	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	7855000
CY2017	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1923000
CY2018	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	683000
CY2019	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	3768000
CY2017	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-1712000
CY2018	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	8559000
CY2019	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	34535000
CY2017	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	1771154000
CY2018	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	5605165000
CY2019	us-gaap	Increase Decrease In Payables Under Repurchase Agreements IncreaseDecreaseInPayablesUnderRepurchaseAgreements	-137321000
CY2017	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	1773382000
CY2018	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	5577027000
CY2019	us-gaap	Increase Decrease In Receivables Under Repurchase Agreements IncreaseDecreaseInReceivablesUnderRepurchaseAgreements	-132228000
CY2017	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	45079000
CY2018	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	98978000
CY2019	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	6617000
CY2017	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	13858
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
CY2019Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	166000
CY2017	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	15945000
CY2018	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	72886000
CY2019	us-gaap	Interest And Dividend Income Securities Trading Or Measured At Fair Value InterestAndDividendIncomeSecuritiesTradingOrMeasuredAtFairValue	183493000
CY2017	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	10911000
CY2018	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	65738000
CY2019	us-gaap	Interest Expense Trading Liabilities InterestExpenseTradingLiabilities	168119000
CY2017	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-6178000
CY2018	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-8487000
CY2019	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-7584000
CY2017	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	1154000
CY2017	us-gaap	Interest Paid Net InterestPaidNet	5334000
CY2018	us-gaap	Interest Paid Net InterestPaidNet	7145000
CY2019	us-gaap	Interest Paid Net InterestPaidNet	7265000
CY2018Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	674000
CY2019Q4	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	711000
CY2017	us-gaap	Labor And Related Expense LaborAndRelatedExpense	22527000
CY2018	us-gaap	Labor And Related Expense LaborAndRelatedExpense	25385000
CY2019	us-gaap	Labor And Related Expense LaborAndRelatedExpense	25972000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	9632000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	4094000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1564000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	983000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	950000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	933000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1108000
CY2019Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	1939000
CY2018Q4	us-gaap	Liabilities Liabilities	8073191000
CY2019Q4	us-gaap	Liabilities Liabilities	7952868000
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8115629000
CY2019Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	8001624000
CY2018Q3	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	50000
CY2019Q4	us-gaap	Loans Receivable Held For Sale Amount LoansReceivableHeldForSaleAmount	5323000
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	43536000
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	48861000
CY2018Q4	us-gaap	Minority Interest MinorityInterest	6664000
CY2019Q4	us-gaap	Minority Interest MinorityInterest	15437000
CY2017	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	425000
CY2018	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	426000
CY2019	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	213000
CY2019	us-gaap	Nature Of Operations NatureOfOperations	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;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:0pt;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: 10pt"> <a name="_Hlk30597293"></a><font style="display: inline;font-style:italic;">Organizational History</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;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”): 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 occurring between March 4, 2005 and May 31, 2005. </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;">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: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;">As a result of the Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued </font><font style="display: inline;">units of membership interests </font><font style="display: inline;">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: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;">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: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;">On September 1, 2017, the Company (i) changed its name back from Institutional Financial Markets, Inc. to Cohen & Company Inc. and the Company’s trading symbol on the NYSE American Stock Exchange from “IFMI” to “COHN”; (ii) effected a 1 for </font><font style="display: inline;">10</font><font style="display: inline;"> reverse stock split; and (iii) increased the par value of Common Stock from </font><font style="display: inline;">$0.001</font><font style="display: inline;"> per share to </font><font style="display: inline;">$0.01</font><font style="display: inline;"> per share. All share and per share amounts, and exercise and conversion prices for all periods presented reflect the reverse split as if it had occurred as of the beginning of the first period presented.</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;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">The Company</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;"></font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The Company is a financial services company specializing in </font><font style="display: inline;">the </font><font style="display: inline;">fixed income markets. As of </font><font style="display: inline;">December 31, 2019</font><font style="display: inline;">, the Company had </font><font style="display: inline;">$2.76</font><font style="display: inline;"> billion in assets under management (“AUM”) of which </font><font style="display: inline;">79.7%</font><font style="display: inline;">, or </font><font style="display: inline;">$2.20</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: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;">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 “Operating LLC” 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 was externally managed by CCFL.  </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;">The Company’s business is organized into the following </font><font style="display: inline;">three</font><font style="display: inline;"> business segments. </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:24.45pt;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:0pt;text-indent:24.45pt;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;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: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: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 included in the Company’s other investments, at fair value and </font><font style="display: inline;">investments in equity method affiliates</font><font style="display: inline;"> in </font><font style="display: inline;">the Company’s</font><font style="display: inline;"> consolidated balance sheets.  </font> </p> <p style="margin:0pt;text-indent:22.5pt;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;">The Company generates its revenue by business segment primarily through the following activities.</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;text-decoration:underline;">Capital Markets </font> </p> <p style="margin:0pt;text-indent:24.5pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;"></font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:72pt;"><p style="width:72pt;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:0pt;"> <font style="margin: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:0pt;"> <a name="_45dd00aa286d4c3899caf985e0ec2aa2"></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:72pt;"><p style="width:72pt;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:0pt;"> <font style="margin: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: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:72pt;"><p style="width:72pt;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:0pt;"> <font style="margin: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: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:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin: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> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:49pt;"><p style="width:49pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:3pt;"><p style="width:3pt;width:3pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin: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:0pt 0pt 0pt 67.5pt;text-indent: -18pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin: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> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:49pt;"><p style="width:49pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 19.00pt;"> <p style="font-family:Times New Roman;font-size: 10pt;margin:0pt;"> <font style="margin:0pt;font-family:Symbol;font-size:10pt;;"> ·</font> </p> </td><td style="width:3pt;"><p style="width:3pt;width:3pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="font-family:Times New Roman;font-size: 10pt;margin: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 style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;">The activities noted above are carried out through the following main operating subsidiaries of the Company as of </font><font style="display: inline;color:#000000;">December 31, 2019.</font> </p> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <div style="width:100%"><table style="width:100%; table-layout: fixed;" cellpadding="0" cellspacing="0"><tr><td style="width:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 1.</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:0pt;"> <font style="display: inline;color:#000000;">Cohen & Company Financial Management, LLC (“CCFM”) is a wholly owned subsidiary of the Operating LLC and acts as asset manager and investment </font><font style="display: inline;color:#000000;">adviser </font><font style="display: inline;color:#000000;">to </font><font style="display: inline;color:#000000;">the </font><font style="display: inline;color:#000000;">Alesco I</font><font style="display: inline;color:#000000;"> CDO</font><font style="display: inline;color:#000000;">, and the Alesco III through IX CDOs. Alesco CDOs invest in bank and insurance company TruPS as well as insurance company subordinated debt.  CCFM also manages the SPAC Funds</font><font style="display: inline;color:#000000;">.  S</font><font style="display: inline;color:#000000;">ee note 4.</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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 2.</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:0pt;"> <font style="display: inline;color:#000000;">Dekania Capital Management, LLC (“DCM”) is a wholly owned subsidiary of the Operating LLC and acts as asset manager and investment </font><font style="display: inline;color:#000000;">adviser </font><font style="display: inline;color:#000000;">to the Company’s Dekania Europe </font><font style="display: inline;color:#000000;">II CDO</font><font style="display: inline;color:#000000;">.  </font><font style="display: inline;color:#000000;">The </font><font style="display: inline;color:#000000;">Dekania Europe </font><font style="display: inline;color:#000000;">II </font><font style="display: inline;color:#000000;">CDO invest</font><font style="display: inline;color:#000000;">s</font><font style="display: inline;color:#000000;"> primarily in </font><font style="display: inline;color:#000000;">financial institution </font><font style="display: inline;color:#000000;">TruPS and insurance company subordinated debt denominated in Euros.  DCM also manages the U.S. Insurance JV</font><font style="display: inline;color:#000000;">.  S</font><font style="display: inline;color:#000000;">ee note 4.  </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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 3.</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:0pt;"> <font style="display: inline;color:#000000;">JVB is a wholly owned subsidiary of the Operating LLC. JVB is a securities broker-dealer registered with the Securities and Exchange Commission (“SEC”) and is a member of the Financial Industry Regulatory Authority (“FINRA”), the Securities Industry Protection Corporation (“SIPC”), and the Fixed Income Clearing Corporation (“FICC”).  JVB carries out the Company’s Capital Market business segment activities in the U.S.</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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 4.</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:0pt;"> <font style="display: inline;color:#000000;">CCFL is regulated by the United Kingdom Financial Conduct Authority (“FCA”).  CCFL </font><font style="display: inline;color:#000000;">acts</font><font style="display: inline;color:#000000;"> as asset manager and investment </font><font style="display: inline;color:#000000;">adviser </font><font style="display: inline;color:#000000;">to the Company’s Dekania Europe </font><font style="display: inline;color:#000000;">III </font><font style="display: inline;color:#000000;">CDO. Dekania Europe and related CDOs invest primarily in TruPS and insurance company subordinated debt denominated in Euros. CCFL also carries out certain of the Company’s Capital Markets business segment activities in Europe including brokerage, advisory, and new issue services. </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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 5.</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:0pt;"> <font style="display: inline;color:#000000;">CCFEL is regulated by Central Bank of Ireland (“CBI”) and performs asset management and capital markets activities in Ireland and the European Union.  In April 2019, CCFEL received authorization from the CBI under the European Union Regulations 2017 to provide investment services in respect of certain financial instruments including transferable securities, money-market instruments, units in collective investment undertakings and various option, futures, swaps, forward rate agreements, and other derivative contracts.  CCF</font><font style="display: inline;color:#000000;">E</font><font style="display: inline;color:#000000;">L also acts as asset manager to certain separate accounts and Investment Vehicles based in Europe. See note 4.</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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 6.</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:0pt;"> <font style="display: inline;color:#000000;">Cohen & Compagnie SAS (formerly Cohen Fréres SAS), the Company’s French subsidiary, acts as a credit research </font><font style="display: inline;color:#000000;">adviser </font><font style="display: inline;color:#000000;">to Dekania Capital Management, LLC</font><font style="display: inline;color:#000000;">, CCFEL,</font><font style="display: inline;color:#000000;"> and CCFL in analyzing the creditworthiness of insurance companies and financial institutions in Europe with respect to all assets included in the Dekania Europe CDOs</font><font style="display: inline;color:#000000;"> and certain other Investment Vehicles</font><font style="display: inline;color:#000000;">.</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:17pt;"><p style="width:17pt;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:0pt;"> <font style="margin:0pt;font-size:10pt;font-family:Times New Roman;;"> 7.</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:0pt;"> <font style="display: inline;color:#000000;">ViaNova Capital Group LLC (“ViaNova”) is a wholly owned subsidiary of the Operating LLC whose purpose is to trade residential transition loans (“RTLs”).   ViaNova acquires newly originated RTLs, aggregates them and then sells them in larger quantities to institutional investors. RTLs are small balance commercial loans that are secured by first lien residential mortgages, which are used by investors and developers to finance the purchase and rehabilitation of residential properties. See note 4.</font></p></td></tr></table></div> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;color:#000000;"></font> </p> <p><font size="1"> </font></p> </div> </div>
CY2017	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23118000
CY2018	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-3722000
CY2019	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	5936000
CY2017	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3896000
CY2018	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2156000
CY2019	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	3734000
CY2017	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-11916000
CY2018	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6999000
CY2019	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-15463000
CY2017	us-gaap	Net Income Loss NetIncomeLoss	2064000
CY2018	us-gaap	Net Income Loss NetIncomeLoss	-2463000
CY2019	us-gaap	Net Income Loss NetIncomeLoss	-2054000
CY2017	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	371000
CY2018	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1524000
CY2019	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-1519000
CY2017	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	4139000
CY2018	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-3597000
CY2019	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-3039000
CY2018	us-gaap	Operating Income Loss OperatingIncomeLoss	3659000
CY2019	us-gaap	Operating Income Loss OperatingIncomeLoss	4041000
CY2019	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3
CY2017	us-gaap	Operating Income Loss OperatingIncomeLoss	7402000
CY2019Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	7693000
CY2019Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	7155000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	9616000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	1561000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due Future Minimum Sublease Rentals OperatingLeasesFutureMinimumPaymentsDueFutureMinimumSubleaseRentals	278000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	983000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	950000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	927000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	1101000
CY2019Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	4094000
CY2017	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1182000
CY2018	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1380000
CY2019	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	1555000
CY2017	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	250000
CY2018	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	226000
CY2019	us-gaap	Operating Leases Rent Expense Sublease Rentals1 OperatingLeasesRentExpenseSubleaseRentals1	280000
CY2019Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0531
CY2019Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P8Y3M18D
CY2019Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	102418000
CY2018Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	3168000
CY2019Q4	us-gaap	Other Accrued Liabilities Current And Noncurrent OtherAccruedLiabilitiesCurrentAndNoncurrent	7652000
CY2018Q4	us-gaap	Other Assets OtherAssets	3621000
CY2019Q4	us-gaap	Other Assets OtherAssets	8433000
CY2018Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	33000
CY2019Q4	us-gaap	Other Assets Miscellaneous OtherAssetsMiscellaneous	275000
CY2017	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	219000
CY2018	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-80000
CY2019	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-3000
CY2017	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	309000
CY2018	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-118000
CY2019	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-2000
CY2017	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2018	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2019	us-gaap	Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax	0
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	309000
CY2018	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-118000
CY2019	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-2000
CY2017	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	219000
CY2018	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-80000
CY2019	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-3000
CY2017	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2018	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2019	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	0
CY2018Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2019Q4	us-gaap	Other Intangible Assets Net OtherIntangibleAssetsNet	166000
CY2018Q4	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	195776000
CY2019Q4	us-gaap	Other Payables To Broker Dealers And Clearing Organizations OtherPayablesToBrokerDealersAndClearingOrganizations	208441000
CY2018Q4	us-gaap	Other Receivables OtherReceivables	12072000
CY2019Q4	us-gaap	Other Receivables OtherReceivables	46625000
CY2017	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	56956
CY2018	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	75081
CY2019	us-gaap	Partners Capital Account Units Treasury PartnersCapitalAccountUnitsTreasury	31890
CY2017	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	572000
CY2018	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	769000
CY2019	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	299000
CY2017	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	800000
CY2018	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	525000
CY2017	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	985000
CY2018	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	966000
CY2019	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	519000
CY2017	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	425000
CY2018	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	426000
CY2019	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	213000
CY2017	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	100000
CY2018	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	75000
CY2019	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	128000
CY2019	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	4352000
CY2017	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	7155000
CY2018	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	26865000
CY2019	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	1927000
CY2017	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	143000
CY2018	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1002000
CY2019	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	101000
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue	5000
CY2019Q4	us-gaap	Preferred Stock Value PreferredStockValue	27000
CY2018Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1009000
CY2019Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	796000
CY2018Q4	us-gaap	Prepaid Taxes PrepaidTaxes	40000
CY2019Q4	us-gaap	Prepaid Taxes PrepaidTaxes	0
CY2019	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
CY2017	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	83000
CY2018	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	8000
CY2019	us-gaap	Proceeds From Income Tax Refunds ProceedsFromIncomeTaxRefunds	48000
CY2019	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	2550000
CY2017	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	15000000
CY2019	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	4777000
CY2017	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	3402000
CY2018	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	30023000
CY2019	us-gaap	Proceeds From Sale And Maturity Of Other Investments ProceedsFromSaleAndMaturityOfOtherInvestments	10114000
CY2017	us-gaap	Professional Fees ProfessionalFees	7345000
CY2018	us-gaap	Professional Fees ProfessionalFees	8459000
CY2019	us-gaap	Professional Fees ProfessionalFees	6251000
CY2017	us-gaap	Profit Loss ProfitLoss	2435000
CY2018	us-gaap	Profit Loss ProfitLoss	-3987000
CY2019	us-gaap	Profit Loss ProfitLoss	-3573000
CY2019	us-gaap	Property Plant And Equipment Disposals PropertyPlantAndEquipmentDisposals	825000
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1133000
CY2019Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	916000
CY2018Q4	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	1133000
CY2019Q4	us-gaap	Property Plant And Equipment Net Excluding Capital Leased Assets PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets	916000
CY2018Q4	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	129812000
CY2019Q4	us-gaap	Receivables From Brokers Dealers And Clearing Organizations ReceivablesFromBrokersDealersAndClearingOrganizations	96132000
CY2018Q4	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2019Q4	us-gaap	Receivables From Clearing Organizations ReceivablesFromClearingOrganizations	250000
CY2019	us-gaap	Related Party Transaction Other Revenues From Transactions With Related Party RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty	-553000
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-31926000
CY2019Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-34519000
CY2017	us-gaap	Revenues Revenues	47542000
CY2018	us-gaap	Revenues Revenues	49386000
CY2019	us-gaap	Revenues Revenues	49666000
CY2017	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	21795000
CY2018	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	24762000
CY2019	us-gaap	Salaries Wages And Officers Compensation SalariesWagesAndOfficersCompensation	25228000
CY2017Q3	us-gaap	Stock Issued During Period Shares Restricted Stock Award Gross StockIssuedDuringPeriodSharesRestrictedStockAwardGross	81098
CY2017	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	39591
CY2018	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	73685
CY2018Q4	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	7632230000
CY2019Q4	us-gaap	Securities Purchased Under Agreements To Resell SecuritiesPurchasedUnderAgreementsToResell	7500002000
CY2018Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	7671764000
CY2019Q4	us-gaap	Securities Sold Under Agreements To Repurchase SecuritiesSoldUnderAgreementsToRepurchase	7534443000
CY2018Q4	us-gaap	Security Deposit SecurityDeposit	669000
CY2019Q4	us-gaap	Security Deposit SecurityDeposit	656000
CY2017	us-gaap	Share Based Compensation ShareBasedCompensation	732000
CY2018	us-gaap	Share Based Compensation ShareBasedCompensation	623000
CY2019	us-gaap	Share Based Compensation ShareBasedCompensation	744000
CY2016Q4	us-gaap	Shares Outstanding SharesOutstanding	1208919
CY2017Q4	us-gaap	Shares Outstanding SharesOutstanding	1213022
CY2018Q4	us-gaap	Shares Outstanding SharesOutstanding	1204196
CY2019Q4	us-gaap	Shares Outstanding SharesOutstanding	1193624
CY2017	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	7699
CY2018	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	7430
CY2019	us-gaap	Shares Paid For Tax Withholding For Share Based Compensation SharesPaidForTaxWithholdingForShareBasedCompensation	15557
CY2018Q4	us-gaap	Stockholders Equity StockholdersEquity	35774000
CY2019Q4	us-gaap	Stockholders Equity StockholdersEquity	33319000
CY2016Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	46762000
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	48156000
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	42438000
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	48756000
CY2017Q3	us-gaap	Stockholders Equity Note Stock Split Conversion Ratio1 StockholdersEquityNoteStockSplitConversionRatio1	10
CY2017	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	29167
CY2018	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues
CY2019	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues
CY2017	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
CY2018	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
CY2019	us-gaap	Stock Issued During Period Shares Restricted Stock Award Forfeited StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
CY2019	us-gaap	Stock Issued During Period Shares Share Based Compensation StockIssuedDuringPeriodSharesShareBasedCompensation	36875
CY2019	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	-1320000
CY2017	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	732000
CY2018	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	623000
CY2019	us-gaap	Stock Issued During Period Value Share Based Compensation Gross StockIssuedDuringPeriodValueShareBasedCompensationGross	744000
CY2017	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	572000
CY2018	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	769000
CY2019	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	299000
CY2017Q4	us-gaap	Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit	1359000
CY2017Q4	us-gaap	Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit	-1359000
CY2017	us-gaap	Trading Gains Losses TradingGainsLosses	26909000
CY2018	us-gaap	Trading Gains Losses TradingGainsLosses	29298000
CY2019	us-gaap	Trading Gains Losses TradingGainsLosses	38172000
CY2018Q4	us-gaap	Trading Securities TradingSecurities	301235000
CY2019Q4	us-gaap	Trading Securities TradingSecurities	307852000
CY2017	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	21277000
CY2018	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	20914000
CY2019	us-gaap	Trading Securities Realized Gain Loss TradingSecuritiesRealizedGainLoss	24118000
CY2017	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	598000
CY2018	us-gaap	Trading Securities Unrealized Holding Gain Loss TradingSecuritiesUnrealizedHoldingGainLoss	1236000
CY2017	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	799000
CY2018	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	2126000
CY2019	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	2113000
CY2017Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2018Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2019Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2019	us-gaap	Use Of Estimates UseOfEstimates	<div> <div style="margin-left:0pt;margin-right:0pt;"> <p style="margin:0pt;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;font-style:italic;">B. Use of Estimates </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;font-family:Times New Roman;font-size: 10pt"> <font style="display: inline;">The preparation of financial statements in conformity with U.S. GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </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><font size="1"> </font></p> </div> </div>
CY2018Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	5273000
CY2019Q4	us-gaap	Variable Interest Entity Entity Maximum Loss Exposure Amount VariableInterestEntityEntityMaximumLossExposureAmount	5413000
CY2018Q4	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Liabilities VariableInterestEntityNonconsolidatedCarryingAmountLiabilities	0
CY2019Q4	us-gaap	Variable Interest Entity Nonconsolidated Carrying Amount Liabilities VariableInterestEntityNonconsolidatedCarryingAmountLiabilities	0
CY2019	us-gaap	Variable Interest Entity Number Of Entities With Unavailability Of Information VariableInterestEntityNumberOfEntitiesWithUnavailabilityOfInformation	2
CY2017	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	2592254
CY2018	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1684482
CY2019	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	1681173
CY2017	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1206906
CY2018	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1152073
CY2019	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	1136574

Files In Submission

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$COHN
Cohen & Co Inc. Stock $cohn

2018 Q4 Form 10-K Financial Statement

#000127043620000003 Filed on March 06, 2020

Income Statement

Balance Sheet

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Facts In Submission

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$COHN Cohen & Co Inc. Stock $cohn

2018 Q4 Form 10-K Financial Statement

#000127043620000003 Filed on March 06, 2020

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$COHN
Cohen & Co Inc. Stock $cohn