Lehman Brothers Holdings Inc. is a global investment bank that primarily serves institutional, corporate, government and high-net-worth individual clients and customers. The Companys business includes raising capital for clients through securities underwriting and direct placements, corporate finance and strategic advisory services, private equity investments, securities sales and trading, research and the trading of foreign exchange and derivative products and certain commodities. The Company also acts as a market-maker in all major equity and fixed-income products in both the United States and international markets. Lehman Brothers is a member of all principal securities and commodities exchanges in the United States, as well as the National Association of Securities Dealers, Inc., and holds memberships or associate memberships on several principal international securities and commodities exchanges, including the London, Tokyo, Hong Kong, Frankfurt, Paris and Milan stock exchanges.