<ARTICLE>                                           BD
<LEGEND>
     This  Schedule  contains  summary  financial   information  extracted  from
Consolidated  Statement  of  Financial  Condition  at  September  30,  2000  and
Consolidated  Statement of Income -- Six Months ended  September 30, 2000 and is
qualified in its entirety by reference to such financial  statements included in
Form 10-Q for September 30, 2000.


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

                                            
<PERIOD-TYPE>                   3-mos
<FISCAL-YEAR-END>                              Dec-31-2000
<PERIOD-START>                                 Jul-1-2000
<PERIOD-END>                                   Sep-30-2000
<CASH>                                         4,658
<RECEIVABLES>                                  2,578
<SECURITIES-RESALE>                            0
<SECURITIES-BORROWED>                          0
<INSTRUMENTS-OWNED>                            3,548
<PP&E>                                         2,442
<TOTAL-ASSETS>                                 16,310
<SHORT-TERM>                                   0
<PAYABLES>                                     4,736
<REPOS-SOLD>                                   0
<SECURITIES-LOANED>                            0
<INSTRUMENTS-SOLD>                             489
<LONG-TERM>                                    626
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    1,748
<COMMON>                                       5,242
<OTHER-SE>                                     3,434
<TOTAL-LIABILITY-AND-EQUITY>                   16,310
<TRADING-REVENUE>                              1,226
<INTEREST-DIVIDENDS>                           652
<COMMISSIONS>                                  10,123
<INVESTMENT-BANKING-REVENUES>                  670
<FEE-REVENUE>                                  0
<INTEREST-EXPENSE>                             32
<COMPENSATION>                                 10,672
<INCOME-PRETAX>                                (589)
<INCOME-PRE-EXTRAORDINARY>                     (390)
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   (390)
<EPS-BASIC>                                    (.04)
<EPS-DILUTED>                                  (.04)