UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


     PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


          DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): May 16, 2008

                          FIRST MONTAUK FINANCIAL CORP.
             (Exact name of registrant as specified in its charter)




                         COMMISSION FILE NUMBER: 0-6729

           NEW JERSEY                                           22-1737915
           ----------                                           ----------
   (State or other jurisdiction                             (I.R.S. Employer
 of incorporation or organization)                         Identification No.)

                            Parkway 109 Office Center
                             328 Newman Springs Road
                               Red Bank, NJ 07701
              (Address and zip code of principal executive offices)

                                 (732) 842-4700
               (Registrant's telephone number, including area code


CHECK THE APPROPRIATE BOX BELOW IF THE FORM 8-K FILING IS INTENDED TO
SIMULTANEOUSLY SATISFY THE FILING OBLIGATION OF THE REGISTRANT UNDER ANY OF THE
FOLLOWING PROVISIONS:


      |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
      |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
      |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
      |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))







Item 2.02     RESULTS OF OPERATIONS AND FINANCIAL CONDITION

     On May 16, 2008, First Montauk Financial Corp. (the "Registrant")  issued
     a press release  announcing  results for the fiscal quarter ended March 31,
     2008.  A copy of the press release is attached as exhibit 99.1.

     The  information  in this  report  shall not be deemed  to be  "filed"  for
     purposes  of Section  18 of, or  otherwise  regarded  as filed  under,  the
     Securities Exchange Act of 1934, as amended.  Unless expressly incorporated
     into a filing  of the  Registrant  under  the  Securities  Act of 1933,  as
     amended, or the Securities Exchange Act of 1934, as amended, made after the
     date hereof, the information  contained herein shall not be incorporated by
     reference into any filing of the  Registrant,  whether made before or after
     the date hereof,  regardless of any general incorporation  language in such
     filing.

Item 9.01     FINANCIAL STATEMENTS AND EXHIBITS

     Exhibit    Press Release of First  Montauk  Financial  Corp. dated
      99.1      May 16, 2008.








                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.

                                             FIRST MONTAUK FINANCIAL CORP.

                                             By:   /s/ Victor K. Kurylak
                                                --------------------------------
                                             Name:  Victor K. Kurylak
                                             Title: President and Chief
                                                    Executive Officer
                                             Date:  May 19, 2008










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                                  EXHIBIT INDEX

    Exhibit     Description
    Number

      99.1      Press Release dated May 16, 2008

































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