<ARTICLE>                                           BD
<LEGEND>

    THIS  SCHEDULE  CONTAINS  SUMMARY  FINANCIAL   INFORMATION   EXTRACTED  FROM
CONSOLIDATED   STATEMENT  OF  FINANCIAL   CONDITION  -  DECEMBER  31,  1999  AND
CONSOLIDATED  STATEMENT OF INCOME AS ENDED DECEMBER 31, 1999 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FORM 10K DECEMBER 31, 1999.

</LEGEND>
<NAME>    First Montauk Financial Corp.
<CIK>     0000083125
<MULTIPLIER>                       1,000


                                             
<PERIOD-TYPE>                                   Year

<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   DEC-31-1999
<CASH>                                          687
<RECEIVABLES>                                  6,808
<SECURITIES-RESALE>                            0
<SECURITIES-BORROWED>                          0
<INSTRUMENTS-OWNED>                            3,476
<PP&E>                                         2,194
<TOTAL-ASSETS>                                17,059
<SHORT-TERM>                                   0
<PAYABLES>                                     4,819
<REPOS-SOLD>                                   0
<SECURITIES-LOANED>                            0
<INSTRUMENTS-SOLD>                             180
<LONG-TERM>                                    1,034
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    35
<COMMON>                                       5,186
<OTHER-SE>                                     4,373
<TOTAL-LIABILITY-AND-EQUITY>                  17,059
<TRADING-REVENUE>                             14,001
<INTEREST-DIVIDENDS>                           2,128
<COMMISSIONS>                                 40,517
<INVESTMENT-BANKING-REVENUES>                    439
<FEE-REVENUE>                                  0
<INTEREST-EXPENSE>                              166
<COMPENSATION>                                  42,138
<INCOME-PRETAX>                                 2,832
<INCOME-PRE-EXTRAORDINARY>                      2,832
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                    2,283
<EPS-BASIC>                                   .22
<EPS-DILUTED>                                   .21