EX-21 13 v118754_ex21.htm
EXHIBIT 21

NATIONAL HOLDINGS CORPORATION
 
Subsidiaries of the Registrant: July 1, 2008

       
Percentage
  
       
of Voting
  
   
State of
  
Securities
  
Subsidiary Name
  
Incorporation
  
Owned
  
           
National Securities Corporation
    
Washington
    
100
%
               
National Insurance Corporation
    
Washington
    
100
%
               
National Holdings Mortgage Corporation
    
Washington
    
100
%
               
National Group Benefits Corporation
    
Washington
    
100
%
               
National Securities Futures Corporation
    
Washington
    
100
%
               
National Asset Management, Inc.
    
Washington
    
100
%
               
vFinance, Inc.
    
Delaware
    
100
%
               
vFinance Lending Services, Inc.
    
Florida
    
 
(1)
               
Critical Advisors, LLC
   
Virginia
    
 
(1)
               
Critical Investors, LLC
   
Virginia
    
 
(1)
               
vFinance Investments Holdings, Inc.
   
Florida
    
 
(1)
               
vFinance Executive Services, Inc.
    
Florida
    
 
(1)
               
vFinance Holdings, Inc.
    
Florida
    
 
(1)
               
vFinance Investments, Inc.
    
Florida
    
 
(2)
               
   
Florida
    
 
(2)
 
 
(1)
100% owned by vFinance, Inc.
 
(2)
100% owned by vFinance Investment Holdings, Inc.