Quarterly report pursuant to Section 13 or 15(d)

SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE

v3.22.2.2
SECURITIES SOLD, NOT YET PURCHASED - AT FAIR VALUE
 3 Months Ended
Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Securities sold not yet purchased - at fair value SECURITIES SOLD, NOT YET PURCHASED – AT FAIR VALUE
The following table provides a reconciliation of the beginning and ending balances for securities sold, not yet purchased - at fair value by the Company, as of September 30, 2022, and March 31, 2022:
Total
Balance as of March 31, 2021 (Recasted)
 $ 8,569 
Short sales 7,055 
Repurchase (346)
Net gain on trading securities (1,413)
Balance as of March 31, 2022 (Recasted)
 $ 13,865 
Balance as of March 31, 2022 (Recasted)
 $ 13,865 
Short sales 410 
Repurchase (7,665)
Net loss on trading securities 766 
Balance as of September 30, 2022
 $ 7,376 
A short sale involves the sell of a security that is not owned with the expectation of purchasing the same security (or a security exchangeable) at a later date at a lower price. A short sale involves the risk of a theoretically unlimited increase in the market price of the security that would result in a theoretically unlimited loss.