<ARTICLE> BD <LEGEND> (Replace this text with the legend) </LEGEND> <CIK> 0000083125 <NAME> First Montauk Financial Corp. <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-mos <FISCAL-YEAR-END> Dec-31-1999 <PERIOD-START> Apr-1-1999 <PERIOD-END> Jun-30-1999 <CASH> 862 <RECEIVABLES> 1489 <SECURITIES-RESALE> 0 <SECURITIES-BORROWED> 0 <INSTRUMENTS-OWNED> 6077 <PP&E> 2117 <TOTAL-ASSETS> 14091 <SHORT-TERM> 0 <PAYABLES> 3198 <REPOS-SOLD> 0 <SECURITIES-LOANED> 0 <INSTRUMENTS-SOLD> 394 <LONG-TERM> 2740 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 5067 <OTHER-SE> 2654 <TOTAL-LIABILITY-AND-EQUITY> 14091 <TRADING-REVENUE> 4274 <INTEREST-DIVIDENDS> 489 <COMMISSIONS> 10200 <INVESTMENT-BANKING-REVENUES> 105 <FEE-REVENUE> 0 <INTEREST-EXPENSE> 40 <COMPENSATION> 10829 <INCOME-PRETAX> 821 <INCOME-PRE-EXTRAORDINARY> 821 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 709 <EPS-BASIC> .07 <EPS-DILUTED> .07