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<TABLE> <S> <C>
<ARTICLE> BD
<LEGEND>
This schedule contains summary financial information extracted from the
Company's Quarterly Report on Form 10-Q and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 738,151
<RECEIVABLES> 3,385,397
<SECURITIES-RESALE> 4,479,346
<SECURITIES-BORROWED> 0
<INSTRUMENTS-OWNED> 0
<PP&E> 569,299
<TOTAL-ASSETS> 11,452,582
<SHORT-TERM> 1,500,000
<PAYABLES> 4,373,026
<REPOS-SOLD> 0
<SECURITIES-LOANED> 0
<INSTRUMENTS-SOLD> 0
<LONG-TERM> 1,000,000
0
0
<COMMON> 12,661
<OTHER-SE> 1,924,027
<TOTAL-LIABILITY-AND-EQUITY> 11,452,582
<TRADING-REVENUE> (3,349,401)
<INTEREST-DIVIDENDS> 0
<COMMISSIONS> 14,249,986
<INVESTMENT-BANKING-REVENUES> 1,747,809
<FEE-REVENUE> 0
<INTEREST-EXPENSE> 0
<COMPENSATION> 11,422,548
<INCOME-PRETAX> (4,452,864)
<INCOME-PRE-EXTRAORDINARY> (4,452,864)
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> (2,614,483)
<EPS-BASIC> (0.21)
<EPS-DILUTED> (0.21)
</TABLE>
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