Abstract. Modern theory predicts that relative parental investment of the sexes in their young is a key factor responsible for sexual selection. Seahorses and pipefishes (family Syngnathidae) are extraordinary among fishes in their remarkable adaptations for paternal care and frequent occurrences of sex-role reversals (i.e., female-female competition for mates), offering exceptional opportunities to test predictions of sexual selection theory. During mating, the female transfers eggs into or onto specialized egg-brooding structures that are located on either the male's abdomen or its tail, where they are osmoregulated, aerated, and nourished by specially adapted structures. All syngnathid males exhibit this form of parental care but the brooding structures vary, ranging from the simple ventral gluing areas of some pipefishes to the completely enclosed pouches found in seahorses. We present a molecular phylogeny that indicates that the diversification of pouch types is positively correlated with the major evolutionary radiation of the group, suggesting that this extreme development and diversification of paternal care may have been an important evolutionary innovation of the Syngnathidae. Based on recent studies that show that the complexity of brooding structures reflects the degree of paternal investment in several syngnathid species, we predicted sex-role reversals to be more common among species with more complex brooding structures. In contrast to this prediction, however, both parsimony-and likelihoodbased reconstructions of the evolution of sex-role reversal in pipefishes and seahorses suggest multiple shifts in sex roles in the group, independent from the degree of brood pouch development. At the same time, our data demonstrate that sex-role reversal is positively associated with polygamous mating patterns, whereas most nonreversed species mate monogamously, suggesting that selection for polygamy or monogamy in pipefishes and seahorses may strongly influence sex roles in the wild. In the vast majority of animals, the male's sole contribution to his offspring is his sperm (Trivers 1972). As a result, even when the observed sex ratio of males to females is equal, the operational sex ratio is often biased toward males and males almost universally compete more strongly for mates, while females typically exert greater mate choice (Darwin 1871;Emlen and Oring 1977). Although most egg-laying fishes leave their eggs unprotected after spawning, sole male care is the predominant pattern in those species that care for their young (Blumer 1982). Paternal care is likely to increase offspring fitness, but may reduce the father's ability to invest in other offspring (i.e., a parental investment sensu Trivers 1972).Sex roles are defined by mating competition (Emlen and Oring 1977). Sex-role reversal occurs when females primarily compete for access to mates, as compared to conventional sex roles with male-male mating competition (cf. mating roles, Gwynne 1991). Traditionally, the concept of parental investment has been us...