Core Viewpoint - Siebert Financial Corp. has received SEC approval for its shelf registration statement, allowing the company to raise up to $100 million through various securities sales, enhancing its financial flexibility and strategic initiatives [1][2]. Group 1: Financial Strategy - The proceeds from the registration will be utilized for strategic initiatives, including potential acquisitions, purchasing digital assets like Bitcoin, Ethereum, and Solana, and advancing technology across service lines, particularly in AI [2][3]. - The CEO emphasized that this registration is a foundational step towards scaling the company's technology strategy, enabling decisive action in key areas such as AI and digital assets [3]. Group 2: Company Background - Siebert Financial Corp. is a diversified financial services company, a member of the NYSE since 1967, and was founded by Muriel Siebert, the first woman to own a seat on the NYSE [4]. - The company operates through various subsidiaries, providing a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [5].

Strategic Acquisition Builds on Siebert's Growing Entertainment Portfolio and Gebbia Media's Artist-Centric VisionNASHVILLE, Tenn., May 28, 2025 /PRNewswire/ -- Gebbia Media, a subsidiary of Siebert Financial Corp. (Nasdaq: SIEB), has acquired Big Machine Rock, the genre-defying rock imprint of Big Machine Label Group that has played a key role in shaping the future of modern rock. The acquisition marks a bold new chapter in Gebbia Media's rapid ascent within the music and media industries, where it is focu ...

NEW YORK and MIAMI, May 27, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB) announced it has been included in the 2025 Preliminary Russell U.S. Indexes reconstitution, effective after the U.S. market closing on May 23, 2025. The newly reconstituted indexes take effect after U.S. markets close on June 27. “We’re honored by this recognition,” said Gloria E. Gebbia, majority shareholder and board member of Siebert. “Our inclusion in the Russell Index reflects the strategic progress we’ve made t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-5703 Siebert Financial Corp. (Exact Name of Registrant as Specified in its Charter) New York 11-1796714 (State or Other Jurisdiction ...

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Siebert Financial Corp. (NASDAQ: SIEB), announced the appointment of Fredrick Scuteri as Chief Operating Officer of its broker-dealer subsidiary Muriel Siebert & Co., LLC. In this role, Scuteri will oversee day-to-day operational functions, trading infrastructure, and platform modernization efforts as the firm continues to scale its brokerage services. Scuteri brings nearly three decades of experience across institutional trading, asset management, and broker-deale ...

Strategic Initiatives - Siebert Financial Corp. acquired a media and entertainment company as part of its strategic initiatives to diversify and create synergies between its enterprises[17]. - MSCO received approval in May 2022 to expand its clearing services in the U.S., enhancing its core competencies and diversifying its business[22]. - The Company established an Investment Banking and Capital Markets division in Q1 2025, focusing on middle-market clients and hiring experienced professionals for this initiative[41]. - A new advisory committee was established in 2024, including prominent leaders from various industries to provide strategic guidance for growth[51]. - The Company is undertaking a strategic rebranding initiative to enhance its digital presence and offer innovative financial management solutions tailored to diverse clients[53]. - The company is considering strategic acquisitions as part of its growth strategy, which may involve risks related to costs and regulatory approvals[107]. Technology and Innovation - Siebert AdvisorNXT utilizes proprietary robo-advisory technology based on Modern Portfolio Theory to provide automated wealth management solutions[42]. - The Company is developing an enhanced equity management solution to capture new market opportunities amid industry consolidation[31]. - Significant investments in technology include the development of a mobile trading application and upgrades to operational infrastructure[47]. - The company plans to enhance existing products and develop new technologies to meet the evolving needs of clients[106]. - The company is focused on expanding into new markets and demographics through ongoing technology investments[165]. - The company utilizes the NIST Cybersecurity Framework to manage cybersecurity risks and enhance its security posture[139]. Regulatory Compliance - The company is registered as a broker-dealer in 50 states, the District of Columbia, and Puerto Rico, complying with extensive federal and state regulations[55]. - The Dodd-Frank Act has led to significant changes in regulatory expectations, particularly in compliance, risk management, and corporate governance[57]. - Regulation Best Interest requires broker-dealers to act in the best interest of retail customers, impacting the company's sales practices and compliance costs[58][59]. - The company must comply with numerous laws protecting consumer financial information, including the Gramm-Leach-Bliley Act and the California Consumer Protection Act[73]. - The company is subject to extensive government regulation, including compliance with SEC, FINRA, and other regulatory bodies, which could impact operational costs and business conduct[84]. - Regulatory changes may lead to increased costs and limitations on business operations, potentially affecting profitability and capital returns to stockholders[79][82]. Financial Performance - In 2024, earnings per share were $0.33, compared to $0.21 in 2023, reflecting a significant increase[158]. - Net revenues for 2024 were $83.9 million, up from $71.5 million in 2023, indicating a growth of approximately 17%[158]. - Net income rose to $13.3 million in 2024, compared to $7.8 million in 2023, representing an increase of about 70%[158]. - Retail customer net worth increased by 13% to $18.0 billion compared to 2023[162]. - Revenue related to stock borrow/stock loan increased by 19% to $19.2 million compared to 2023[162]. - Revenue from commissions and fees rose by 32% to $9.6 million compared to 2023[162]. Risk Management - The company faces significant competition from various brokerage firms, including zero commission firms, which impacts its market position[54]. - The company faces risks from customer credit defaults, which could lead to significant credit losses[113]. - The brokerage industry is experiencing intense competition, with price wars and lower commission rates impacting revenue[130]. - Economic slowdowns and market volatility could adversely affect Siebert's revenues and operating results[129]. - Interest rate changes are critical to profitability, with lower rates potentially compressing net interest margins[127]. - The company identified risks related to cybersecurity breaches, which could lead to significant remediation costs, legal liabilities, and reputational damage[96]. Operational Insights - The company has 10 branch offices across the U.S. and serves clients globally, with a focus on providing exceptional personal service[19]. - The company reported a material weakness in internal controls over financial reporting, specifically in IT controls and user access, which was remediated by December 31, 2024[105]. - The company relies heavily on information processing and communication systems, and any significant failure could disrupt operations and affect customer obligations[89]. - The company faces risks from third-party platforms for data technology, which are critical for operations and may pose security risks[90]. - The company is subject to net capital requirements that could limit its operational capabilities and growth strategies[88]. Capital and Investments - The company has purchased an additional $50 million in account protection above SIPC coverage, which provides up to $500,000 protection per customer[61]. - The company is subject to minimum net capital requirements under the SEC Uniform Net Capital Rule, ensuring sufficient liquid resources to meet financial obligations[70][71]. - The net capital infusion from Kakaopay was approximately $14.8 million, enhancing the company's regulatory capital[191]. - The company entered into a $20 million revolving credit facility with East West Bank to support strategic initiatives[193]. - Total liabilities decreased to $434,576,000 in 2024, down by $296,515,000 or 40.5% from the previous year[187]. Employee and Culture - As of March 11, 2025, the company had 146 employees, focusing on attracting and retaining skilled professionals across various specialties[75]. - The company emphasizes a culture of service and offers competitive compensation and benefits to attract and retain talent[76]. - Employee compensation and benefits for 2024 were $43,999,000, up by $12,063,000 or 37.9% compared to the prior year[175].

Core Viewpoint - General (Ret.) Laura J. Richardson has joined the Advisory Board of Siebert Financial Corp, enhancing the company's commitment to providing financial services for veterans, military personnel, and underserved communities [1][5]. Company Overview - Siebert Financial Corp is a diversified financial services company that has been a member of the NYSE since 1967, founded by Muriel Siebert, the first woman to own a seat on the NYSE [6][7]. - The company operates through various subsidiaries, offering a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [7]. Leadership and Strategic Direction - General Richardson's extensive military background and leadership experience are expected to significantly benefit Siebert, aligning with the company's mission to deliver innovative financial solutions [2][5]. - CEO John J. Gebbia emphasized that Richardson's national security and diplomacy experience will help expand services in military and veteran affairs, international markets, and women's financial initiatives [2][5]. Commitment to Military and Veteran Community - Kaj Larsen, Head of Military Investment at Siebert, highlighted that Richardson's appointment is a strong statement of the company's commitment to serving veterans and active-duty personnel, addressing their unique financial needs [5]. - General Richardson expressed her intention to work with Siebert to enhance financial opportunities for veterans, women, and those seeking financial independence [4]. Advisory Board Composition - General Richardson joins a prestigious Advisory Board that includes notable figures from finance, sports, and entertainment, such as international recording artist Akon and NFL Pro Brandon Marshall [4].

Core Viewpoint - Siebert Financial Corp. has launched Siebert Investment Banking to cater to middle-market clients often overlooked by larger financial institutions, led by experienced professionals Kimberly Boulmetis and Ajay Asija [1][3]. Group 1: Company Expansion - Siebert Investment Banking will focus on tailored solutions for underserved companies in financial services, including FinTech, depository, and specialty finance, with plans to expand into blockchain and digital assets [2]. - The new division will leverage Siebert's extensive retail distribution network in addition to existing institutional channels, aiming to provide certainty of execution in equity and debt financings [2]. Group 2: Leadership and Expertise - Ajay Asija brings over 25 years of investment banking experience, having advised on over $90 billion in transactions at firms like Lehman Brothers and J.P. Morgan, and recently served as CFO of BM Technologies [4]. - Kimberly Boulmetis, with over 25 years in debt capital markets, previously led U.S. Financial Institutions for the DCM Group at MUFG, focusing on innovative strategic and financing solutions for financial institutions [5][6]. Group 3: Strategic Vision - CEO John J. Gebbia Sr. highlighted that investment banking is a natural extension of Siebert's commitment to providing best-in-class financial solutions, with Asija and Boulmetis' expertise crucial for developing a strong platform [3]. - Boulmetis expressed excitement about joining Siebert, emphasizing the firm's commitment to enhancing client value through its current platform and future developments [7].

Core Viewpoint - Siebert Financial Corp. has launched Siebert Investment Banking to cater to middle-market clients often neglected by larger financial institutions, led by experienced professionals Kimberly Boulmetis and Ajay Asija [1][3]. Group 1: Company Expansion - Siebert Investment Banking will focus on tailored solutions for underserved companies in financial services, including FinTech, depository, and specialty finance, with plans to expand into blockchain and digital assets [2]. - The new division will leverage Siebert's extensive retail distribution network in addition to existing institutional channels, aiming to provide certainty of execution in equity and debt financings [2]. Group 2: Leadership and Expertise - Ajay Asija has over 25 years of investment banking experience, having advised on transactions exceeding $90 billion at firms like Lehman Brothers and J.P. Morgan, and recently served as CFO of BM Technologies [4]. - Kimberly Boulmetis, with over 25 years in debt capital markets, previously led U.S. Financial Institutions for the DCM Group at MUFG, focusing on innovative strategic and financing solutions for financial institutions [5][6]. Group 3: Strategic Vision - CEO John J. Gebbia Sr. highlighted that investment banking is a natural extension of Siebert's commitment to providing best-in-class financial solutions, emphasizing the importance of Asija and Boulmetis' expertise in developing a strong platform [3]. - The investment banking division aims to deliver high-quality advisory services to middle-market clients, ensuring they receive the same level of expertise as larger firms [5].

Core Insights - Siebert Stock Plan Services (Siebert.SPS) has strengthened its leadership team with the addition of Daniel Coyle and Hunter Sattich, enhancing its capacity to provide customized equity compensation solutions for businesses of all sizes [1][4]. Company Overview - Siebert.SPS focuses on delivering tailored equity compensation solutions, emphasizing technology-driven platforms and exceptional customer service to streamline stock plan administration and maximize participant engagement [5]. - The company aims to support a diverse range of clients, from emerging firms to established enterprises, with personalized and innovative services that larger providers may not offer [2][4]. Leadership Expertise - Hunter Sattich, a Certified Equity Professional with over 30 years of experience, is recognized for optimizing equity plan processes and enhancing client outcomes [2][3]. - Daniel Coyle brings over 20 years of finance and compensation experience, specializing in creating strategies that align operational efficiencies with clients' strategic goals [3][4]. Strategic Importance - The addition of Coyle and Sattich is seen as a pivotal step in Siebert's mission to redefine equity compensation solutions and expand its market reach [4][5]. - The leadership team emphasizes a client-first mentality, aiming to address gaps in service that many businesses face with larger providers [3][4].