-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Sfltd1dfXgpSpQyO2etKOaj4exzF8M8Dxn6Xavm0a+j4vt18O67rGJoa7Mc4lt1d
 emnhm83UxLcCegRLn0jq0A==

<SEC-DOCUMENT>0000083125-06-000006.txt : 20060228
<SEC-HEADER>0000083125-06-000006.hdr.sgml : 20060228
<ACCEPTANCE-DATETIME>20060228143421
ACCESSION NUMBER:		0000083125-06-000006
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060224
FILED AS OF DATE:		20060228
DATE AS OF CHANGE:		20060228

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FIRST MONTAUK FINANCIAL CORP
		CENTRAL INDEX KEY:			0000083125
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				221737915
		STATE OF INCORPORATION:			NJ
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		328 NEWMAN SPRINGS RD
		STREET 2:		PKWY 109 OFFICE CTR
		CITY:			RED BANK
		STATE:			NJ
		ZIP:			07701
		BUSINESS PHONE:		7328424700

	MAIL ADDRESS:	
		STREET 1:		328 NEWMAN SPRINGS RD
		STREET 2:		PKWY 109 OFFICE CTR
		CITY:			RED BANK
		STATE:			NJ
		ZIP:			07701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MCC PRESIDENTIAL INC
		DATE OF NAME CHANGE:	19871203

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	RENAULT WINERY INC
		DATE OF NAME CHANGE:	19740725

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PRESIDENTIAL APARTMENTS INC
		DATE OF NAME CHANGE:	19740327

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PORTMAN DAVID I
		CENTRAL INDEX KEY:			0001354510

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06729
		FILM NUMBER:		06650311

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		7322756571

	MAIL ADDRESS:	
		STREET 1:		154 STANWICK COURT
		CITY:			HOLMDEL
		STATE:			NJ
		ZIP:			07733
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>portman_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-02-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000083125</issuerCik>
        <issuerName>FIRST MONTAUK FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>FMFK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001354510</rptOwnerCik>
            <rptOwnerName>PORTMAN DAVID I</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>PARKWAY 109 OFFICE CENTER</rptOwnerStreet1>
            <rptOwnerStreet2>328 NEWMAN SPRINGS ROAD</rptOwnerStreet2>
            <rptOwnerCity>RED BANK</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07701</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>COMMON STOCK</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>DAVID I. PORTMAN</signatureName>
        <signatureDate>2006-02-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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