Friedman, Billings & Ramsey (FBR) Message Board

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Non-Tech : Friedman, Billings & Ramsey (FBR)

FBR 17.01

-2.2%

Jan 3 4:00 PM EST

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To: Paul Lee who wrote (124)	7/15/1999 11:00:00 PM
From: mod	Read Replies (1) of 173

All companies that distribute IPO shares over the Web will benefit from the rule change, said Suzanne Richardson, president of FBR.Com, the online investment banking arm of Friedman, Billings, Ramsey Group Inc. that distributed shares in two IPOs since early May. Wrong! An SEC no-action letter is like an IRS private letter ruling, and only applies to the person who requested it. FBR will have to file for their own no-action letter, and Wit is far ahead of them in dealing with the SEC.

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