FBR Capital Markets Partners with Youth, I.N.C. for 3rd Annual Trading Day for Kids
October 01 2008 - 9:00AM
PR Newswire (US)
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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