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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: callme who wrote (8527)	6/17/1999 6:15:00 AM
From: swisstrader	Respond to of 108040

News out after the bell last night on FBG doing online trading...I'll bite: Wednesday June 16, 6:35 pm Eastern Time Company Press Release SOURCE: Friedman, Billings, Ramsey Group, Inc. Friedman Billings Ramsey Group to Offer Online Trading Through fbr.com Online Trading Available by End of Second Quarter WASHINGTON, June 16 /PRNewswire/ -- Friedman, Billings, Ramsey Group, Inc. (NYSE: FBG - news) today announced that, as part of fbr.com's overall business strategy, it plans to offer online trading by the end of the second quarter. fbr.com is the Company's online investment bank which, for the first time ever, significantly opens initial public offerings to online retail investors. fbr.com is based at the Company's Arlington, Virginia headquarters and is licensed to conduct business in all 50 states. Friedman Billings Ramsey Group, Inc. is a publicly traded, full-service investment banking and asset management firm. Asset management operations include proprietary investment partnerships, venture capital and private equity partnerships, and the FBR family of mutual funds. Its wholly owned subsidiary, Friedman Billings Ramsey & Co., Inc. (FBR) makes a market in more than 400 securities and provides research coverage on 430 publicly traded companies. fbr.com is a division of FBR Investment Services, Inc., a wholly owned subsidiary of Friedman Billings Ramsey Group, Inc. and will provide access, as a selling group member, to IPOs underwritten by FBR and others.