| Business Summary | | First
Montauk
Financial
Corp.
is
a
financial
services
holding
company
whose
principal
subsidiary,
First
Montauk
Securities
Corp.
(FMSC),
has
operated
as
a
full
service
retail
and
institutional
securities
brokerage
firm
since
1987.
FMSC
provides
a
broad
range
of
securities
brokerage
and
investment
services
to
a
diverse
retail
and
institutional
clientele,
as
well
as
corporate
finance
and
investment
banking
services
to
corporations
and
businesses.
FMSC
also
owns
Century
Discount
Investments,
a
discount
brokerage
division
through
which
it
operates
an
online
brokerage
operation.
In
addition,
FMFC
sells
insurance
products
through
its
subsidiary
Montauk
Insurance
Services,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMFK
is
primarily
engaged
as
a
retail
and
institutional
securities
brokerage
firm
through
its
subsidiary
First
Montauk
Securities
Corp.
FMFK
also
sells
insurance
products.
For
the
three
months
ended
3/31/01,
revenues
fell
52%
to
$11.7
million.
Net
loss
applicable
to
Common
totalled
$643
thousand,
vs.
income
of
$1.9
million.
Revenues
reflect
a
decrease
in
commission
and
investment
banking
revenues.
Net
loss
reflects
increased
compensation
and
benefit
expenses
and
higher
legal
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Herbert Kurinsky, 70 Pres,
Director | $288K | Dan Aguilar Sr. VP of Sales | -- | William Kurinsky, 40 VP,
COO, Chief Financial Officer, Sec., Director | 258K | Robert Rabinowitz, Esq., 44 Gen.
Counsel | 176K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|