Quarterly report pursuant to Section 13 or 15(d)

Brokerage and Other Receivables, Net

v3.19.2
Brokerage and Other Receivables, Net
3 Months Ended
Jun. 30, 2019
Other Receivables, Net, Current [Abstract]  
Brokerage and Other Receivables, Net
   

June 30,

2019

   

March 31,

2019

 
Margin lending receivables   $ 27,752     $ 46,716  
Receivables from purchase or sale of securities     13,481       27,684  
Receivables from brokerage clients     1,555       824  
Dividends accrued     819       108  
Other receivables     189       130  
                 
Allowance for receivables     (605 )     (1,626 )
                 
Total brokerage and other receivables, net   $ 43,191     $ 73,836  

 

On June 30, 2019 and March 31, 2019, amounts due from a single related party customer were $17,090 or 40% and $31,792 or 43%, respectively. Based on experience, the Company considers receivables due from related parties fully collectible. During the three months ended June 30, 2019 and year ended March 31, 2019, using historical and statistical data, the Company recorded an allowance for brokerage receivables in the amount of $605 and $1,626, respectively.