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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GLwHGToFG/Usp1W7RQhnkl2nIyeXFlupBR1UKAmFUADpn7eiKUkj0feqfDvfsAnd
 QOf8s4y3Ta0InysdHBxrzw==

<SEC-DOCUMENT>0001181431-07-014401.txt : 20070226
<SEC-HEADER>0001181431-07-014401.hdr.sgml : 20070226
<ACCEPTANCE-DATETIME>20070226155049
ACCESSION NUMBER:		0001181431-07-014401
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070223
FILED AS OF DATE:		20070226
DATE AS OF CHANGE:		20070226

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:			FMFG Ownership II, Inc.
		CENTRAL INDEX KEY:			0001391248
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-06729
		FILM NUMBER:		07649218

	BUSINESS ADDRESS:	
		STREET 1:		10800 MIDLOTHIAN TURNPIKE
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			32335
		BUSINESS PHONE:		804-594-3550

	MAIL ADDRESS:	
		STREET 1:		10800 MIDLOTHIAN TURNPIKE
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			32335
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd148713.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2007-02-23</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001391248</rptOwnerCik>
            <rptOwnerName>FMFG Ownership II, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10800 MIDLOTHIAN TURNPIKE</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 300</rptOwnerStreet2>
            <rptOwnerCity>RICHMOND</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23235</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock - no par value</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4033265</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Series B Preferred Stock $0.10 par value</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock - no par value</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1978240</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">The Series B Preferred Stock is convertible on a one for ten basis at any time at the election of the holder and has no expiration date.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Edward H. Okun, President</signatureName>
        <signatureDate>2007-02-26</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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