FBCM Fbr Capital Markets Corp. (MM)

ARLINGTON, Va. and NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (NASDAQ:FBCM) (FBR Capital Markets), a leading investment bank serving the middle market, and Youth, I.N.C. (Improving Nonprofits for Children), a nonprofit organization that improves the lives of New York City youth, today announced a philanthropic collaboration that will culminate on October 15th with Youth, I.N.C.'s third annual Trading Day for Kids. On Wednesday, October 15th, 100% of designated commissions on equity trades made through FBR Capital Markets will be donated to Youth, I.N.C., an organization working to improve the lives of children and youth through a unique venture philanthropy model that empowers, develops, and educates nonprofit organizations serving young people. Institutional investors can support Youth, I.N.C. through this initiative by directing all equity trading activities to Trading Day for Kids sponsor FBR Capital Markets on Wednesday, October 15th and designating Youth, I.N.C. as the beneficiary of the commissions. "This is a great partnership and highlights not only the strength of our brokerage operations and vast network of institutional relationships, but also our strong culture of giving," said Richard J. Hendrix, President and Chief Operating Officer of FBR Capital Markets. "We will be donating commissions on designated trades on October 15th to Youth, I.N.C., and we look forward to working with clients both old and new on that day to make a difference in the lives of thousands of children in the New York area." "The success of our organization is a direct result of the support we have received from the financial community, and we are honoured to partner with FBR Capital Markets in our ongoing efforts to improve the lives of New York City kids," said Steve Orr, Executive Director, Youth, I.N.C. "Our Trading Day in 2007 raised $750,000, and we look forward to working with FBR Capital Markets to reach our $1 million goal and ultimately reach more than 32,000 children this year." Prior to Trading Day for Kids, FBR Capital Markets will be sponsoring a series of events with Youth, I.N.C. Youth, I.N.C. and FBR Capital Markets, will be hosting the second annual State of the Market panel discussion and reception on October 6th. This exclusive event will feature timely insight from hedge fund industry leaders and other institutional investors, including: Marc Lasry, Avenue Capital Group; Cliff Robbins, Blue Harbour Group; Larry Robbins, Glenview Capital Management and Bill Seidman, Former Chairman of the Federal Deposit Insurance Corporation. On October 8th, FBR Capital Markets will also host a number of students from Youth, I.N.C's partner nonprofit organization Futures and Options Inc., who have been selected to participate in a mentoring day program. Students will spend time with the FBR Capital Markets team to learn about the financial services industry and the firm's day-to-day business activities. Futures and Options Inc., is an independent 501I(3) not-for-profit educational program that places New York City high school juniors and seniors in supervised and paid semester internships throughout the city. For more information about participating in Trading Day for Kids, please contact . About FBR Capital Markets Corporation FBR Capital Markets Corporation (NASDAQ:FBCM), a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on seven industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; and San Francisco. For more information, please visit http://www.fbrcapitalmarkets.com/. About Youth, I.N.C.: Youth, I.N.C. was founded in 1995 by former Goldman Sachs investment banker Steve Orr, who recognized that many nonprofit organizations struggled to connect with powerful networks and maximize the funding sources needed to fulfill their missions. Youth, I.N.C. has empowered over 75 nonprofits, enabling them to raise more than $10 million for their youth programs and touch the lives of more than 500,000 youth. Youth, I.N.C. has also placed more than 90 corporate professionals with nonprofits as board members, advisors and high-impact volunteers. For more information on Youth, I.N.C., please visit http://www.youthinc-usa.org/. *Friedman, Billings, Ramsey & Co., Inc. DATASOURCE: FBR Capital Markets Corporation CONTACT: Irma Gomez-Dib, +1-212-850-5761, , or Nicole Madison, +1-212-850-5647, , both for FBR Capital Markets Corporation Web site: http://www.fbrcapitalmarkets.com/ http://www.youthinc-usa.org/

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