<TABLE> <S> <C>

<ARTICLE> BD
<RESTATED>

<S>                             <C>                     <C>                     <C>
<PERIOD-TYPE>                   3-MOS                   3-MOS                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1997             DEC-31-1997
<PERIOD-END>                               SEP-30-1997             JUN-30-1997             MAR-31-1997
<CASH>                                        42977000                 9565000                10875000
<RECEIVABLES>                                409631000               313372000               299907000
<SECURITIES-RESALE>                            4315000                 2025000                 2399000
<SECURITIES-BORROWED>                        326466000               285393000               181772000
<INSTRUMENTS-OWNED>                           55650000                44057000                35623000
<PP&E>                                         5320000                 1919000                 1898000
<TOTAL-ASSETS>                               880523000               698987000               535924000
<SHORT-TERM>                                  22680000                17300000                 7226000
<PAYABLES>                                   217544000               136232000               147892000
<REPOS-SOLD>                                         0                       0                       0
<SECURITIES-LOANED>                          433265000               348749000               218372000
<INSTRUMENTS-SOLD>                            52807000                38559000                19198000
<LONG-TERM>                                      30000                   30000                   30000
<PREFERRED-MANDATORY>                                0                       0                       0
<PREFERRED>                                          0                       0                       0
<COMMON>                                      41398000                41398000                40827000
<OTHER-SE>                                   113299000               106133000               102043000
<TOTAL-LIABILITY-AND-EQUITY>                 880523000               698987000               535924000
<TRADING-REVENUE>                             17061000                11984000                17537000
<INTEREST-DIVIDENDS>                          11681000                 8573000                 7406000
<COMMISSIONS>                                 34624000                18941000                18853000
<INVESTMENT-BANKING-REVENUES>                  1240000                 1422000                 3160000
<FEE-REVENUE>                                  5104000                 2585000                 2865000
<INTEREST-EXPENSE>                             5865000                 4261000                 3078000
<COMPENSATION>                                37630000                22112000                24453000
<INCOME-PRETAX>                               12671000                 8109000                12734000
<INCOME-PRE-EXTRAORDINARY>                    12671000                 8109000                12734000
<EXTRAORDINARY>                                      0                       0                       0
<CHANGES>                                            0                       0                       0
<NET-INCOME>                                   7417000                 4506000                 7069000
<EPS-PRIMARY>                                     0.60                    0.37                    0.57
<EPS-DILUTED>                                     0.57                    0.35                    0.55


</TABLE>