Friedman, Billings, Ramsey Group, Inc. (NYSE: FBR) has a number of subsidiaries, including the following:
Friedman, Billings, Ramsey & Co., Inc.
and FBRDirect which are investment banks and broker-dealers registered
with the United States Securities and Exchange Commission and are members
of the Securities Investor Protection
Corporation (SIPC); FBR Investment Management, Inc., and FBR Fund Advisers, Inc.,
are
registered investment advisers under the Investment Advisers Act of 1940;
All references at this web site to "FBR" refer to
FBR Group and its predecessors and subsidiaries as appropriate.
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