Quarterly report pursuant to Section 13 or 15(d)

Broker-Dealers and Clearing Organizations, Other Receivables and Prepaid Expenses and Other Current Liabilities

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Broker-Dealers and Clearing Organizations, Other Receivables and Prepaid Expenses and Other Current Liabilities
9 Months Ended
Sep. 30, 2017
Brokers and Dealers [Abstract]  
Broker-Dealers and Clearing Organizations, Other Receivables and Prepaid Expenses and Other Current Liabilities
4. Broker-Dealers and Clearing Organizations, Other Receivables and Prepaid Expenses and Other Current Liabilities
 
At June 30, 2017, National’s receivables of $2.8 million from broker-dealers and clearing organizations represent net amounts due for commissions and fees associated with National’s retail brokerage business as well as asset based fee revenue associated with National’s asset management advisory business. National also has other receivables at June 30, 2017 of $6.0 million, which principally represent trailing commissions, tax and accounting fees and investment banking fees and are net of an allowance for uncollectable accounts of $0.5 million and are included in prepaid expenses and other current assets in the Company's Condensed Consolidated Balance Sheet.