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, 2018
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, 2018 and September 30, 2017, National’s receivables of $11.9 million and $7.4 million, respectively, 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 Investment advisory business. National also has other receivables at June 30, 2018 and September 30, 2017 of $5.3 million and $5.2 million, respectively, which principally represent trailing commissions, tax and accounting fees and investment banking fees, net of an allowance for uncollectable accounts of $0.6 million, and $0.5 million, respectively, and are included in prepaid expenses and other current assets on the Company’s Condensed Consolidated Balance Sheet.