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                                                                    Exhibit 31.2

                                  CERTIFICATION

I, Steven C. Jacobs, certify that:

1.       I have reviewed this amended annual report on Form on 10-KSB/A of
         Summit Brokerage Services, Inc.

2.       Based on my knowledge, this amended annual report does not contain any
         untrue statement of a material fact or omit to state a material fact
         necessary to make the statements made, in light of the circumstances
         under which such statements were made, not misleading with respect to
         the period covered by this amended annual report;

3.       Based on my knowledge, the financial statements, and other financial
         information included in this amended annual report, fairly present in
         all material respects the financial condition, results of operations
         and cash flows of the registrant as of, and for, the periods presented
         in this amended annual report;

4.       The registrant's other certifying officer(s) and I, are responsible for
         establishing and maintaining disclosure controls and procedures (as
         defined in Exchange Act Rules 13a-15(e) and 15d-15(e) for the
         registrant and have:

         a)       designed such disclosure controls and procedures, or caused
                  such disclosure controls and procedures to be designed under
                  our supervision, to ensure that material information relating
                  to the registrant, including its consolidated subsidiaries, is
                  made known to us by others within those entities, particularly
                  during the period in which this amended annual report is being
                  prepared;

         b)       evaluated the effectiveness of the registrant's disclosure
                  controls and procedures and presented in this amended annual
                  report our conclusions about the effectiveness of the
                  disclosure controls and procedures, as of the end of the
                  period covered by this amended annual report based on such
                  evaluation; and

         c)       disclosed in this amended annual report any change in the
                  registrant's internal control over financial reporting that
                  occurred during the registrant's most recent fiscal quarter
                  (the registrant's fourth fiscal quarter in the case of an
                  annual report) that has materially affected, or is reasonably
                  likely to materially affect, the registrant's internal control
                  over financial reporting; and;

5.       The registrant's other certifying officer(s) and I have disclosed,
         based on our most recent evaluation of internal control over reporting,
         to the registrant's auditors and the audit committee of registrant's
         board of directors (or persons performing the equivalent functions):

         a)       all significant deficiencies and material weaknesses in the
                  design or operation of internal control over financial
                  reporting which are reasonably likely to adversely affect the
                  registrant's ability to record, process, summarize and report
                  financial information; and

         b)       any fraud, whether or not material, that involves management
                  or other employees who have a significant role in the
                  registrant's internal control over financial reporting.


Date:   February 6, 2004
                                           /s/ Steven C. Jacobs
                                           -----------------------------
                                               Steven C. Jacobs
                                               Executive Vice President and
                                               Chief Financial Officer