Recently, it has been claimed that PHD fingers of MEKK1 kinase and a family of viral and cellularl membrane proteins have E3 ubiquitin ligase activity. Here we describe unique sequence and structural signatures that distinguish PHD fingers from RING fingers, which function primarily as E3 ubiquitin ligases, and demonstrate that the Zn-binding modules of the above proteins are distinct versions of the RING domains rather than PHD fingers. Thus, currently available data reveal extreme versatility of RINGs and their derivatives as E3 ubiquitin ligases but provide no evidence of this activity among PHD fingers whose principal function appears to involve specific protein-protein and possibly protein-DNA interactions in chromatin.