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<TABLE> <S> <C>
<ARTICLE> BD
<RESTATED>
<MULTIPLIER> 1
<S> <C> <C>
<PERIOD-TYPE> YEAR 9-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-END> DEC-31-1998 SEP-30-1999
<CASH> 201,312 3,784,689
<RECEIVABLES> 1,505,648 7,721,748
<SECURITIES-RESALE> 1,539,424 12,435,365
<SECURITIES-BORROWED> 0 0
<INSTRUMENTS-OWNED> 0 0
<PP&E> 208,883 340,471
<TOTAL-ASSETS> 3,942,227 25,029,848
<SHORT-TERM> 0 0
<PAYABLES> 1,459,678 13,292,305
<REPOS-SOLD> 0 0
<SECURITIES-LOANED> 0 0
<INSTRUMENTS-SOLD> 0 0
<LONG-TERM> 500,000 1,000,000
0 0
0 0
<COMMON> 11,615 12,537
<OTHER-SE> 1,461,456 1,574,858
<TOTAL-LIABILITY-AND-EQUITY> 3,942,227 25,029,848
<TRADING-REVENUE> (299,166) 4,629,052
<INTEREST-DIVIDENDS> 0 0
<COMMISSIONS> 7,932,780 20,327,944
<INVESTMENT-BANKING-REVENUES> 2,584,770 220,766
<FEE-REVENUE> 0 0
<INTEREST-EXPENSE> 0 0
<COMPENSATION> 8,007,363 15,492,833
<INCOME-PRETAX> (561,222) 6,047,538
<INCOME-PRE-EXTRAORDINARY> (561,222) 6,047,538
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> (397,322) 3,249,123
<EPS-BASIC> (0.04) 0.26
<EPS-DILUTED> (0.04) 0.24
</TABLE>
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