Financial Performance - Commissions and fees for Q3 2023 were $1,986,000, an increase of $236,000 compared to Q3 2022, primarily due to market conditions [161]. - Interest, marketing, and distribution fees for Q3 2023 were $7,194,000, up by $1,990,000 from the same period last year, driven by rising interest rates [162]. - Principal transactions and proprietary trading for Q3 2023 totaled $3,753,000, an increase of $2,800,000 from Q3 2022 [163]. - Employee compensation and benefits for Q3 2023 were $8,723,000, an increase of $1,433,000 from the prior year, mainly due to higher commission payouts [170]. - Commissions and fees for the nine months ended September 30, 2023 were $5,839,000, a decrease of $104,000 (2%) from the prior year [178]. - Interest, marketing, and distribution fees for the nine months ended September 30, 2023 were $21,583,000, an increase of $10,866,000 (101%) from the prior year [179]. - Principal transactions and proprietary trading for the nine months ended September 30, 2023 were $9,207,000, an increase of $7,440,000 (404%) from the prior year [180]. - The provision for income taxes for the nine months ended September 30, 2023 was $3,621,000, an increase of $4,457,000 from the prior year [193]. Customer Metrics - Retail customer net worth increased to $14.6 billion as of September 30, 2023, up from $13.5 billion at the end of 2022 [158]. - Retail customer accounts grew to 128,727 as of September 30, 2023, compared to 122,394 at the end of 2022 [158]. Assets and Liabilities - Total assets as of September 30, 2023 were $771,146,000, an increase of $43,098,000 (6%) from December 31, 2022 [196]. - Total liabilities as of September 30, 2023 were $699,581,000, an increase of $21,453,000 (3%) from December 31, 2022 [197]. - Cash and cash equivalents decreased to $4.9 million as of September 30, 2023, down from $23.7 million as of December 31, 2022 [201]. Capital and Funding - The net capital infusion from Kakaopay to Siebert from the First Tranche was approximately $15.4 million, enhancing regulatory capital [199]. - The company maintains capital and segregated cash reserves in excess of regulatory requirements, ensuring compliance with SEC rules [207]. - The company has adequate reserves and contingency funding plans to meet regulatory requirements, with sufficient net capital reported for both MSCO and RISE [208]. Expenses - Rent and occupancy expenses for Q3 2023 were $467,000, a decrease of $95,000 from the prior year due to the termination of certain short-term leases [172]. - Professional fees for the three months ended September 30, 2023 were $979,000, an increase of $105,000 (12%) from the prior year [173]. - Interest expense for the three months ended September 30, 2023 was $40,000, a decrease of $68,000 (63%) from the prior year [174]. Cash Flow - For the nine months ended September 30, 2023, the company reported negative operating cash flow primarily due to changes in receivables and payables, as well as securities borrowed and loaned [210]. - The company had investing cash outflows related to the build-out of the Miami office building and technology initiatives for both the nine months ended September 30, 2023 and 2022 [210][211]. Tax Matters - As of September 30, 2023, the company recorded an uncertain tax position of $1,596,000 related to various tax matters, included in "Taxes payable" on the financial statements [217]. Regulatory Compliance - Customer transactions are cleared through brokers on a fully disclosed basis, with regular monitoring for compliance with margin requirements [224]. - The company does not engage in derivative transactions and has no liabilities for the debt of another entity [221]. - There were no material losses for unsettled customer transactions for the three and nine months ended September 30, 2023 and 2022 [214]. Agreements and Contracts - MSCO entered into a five-year service agreement with Broadridge Securities Processing Solutions, with a total minimum expense estimated at approximately $1.3 million [213]. - The company entered into a Capital on Demand Sales Agreement with JonesTrading for an aggregate offering amount of up to $9.6 million, but did not sell any shares under this agreement for the three and nine months ended September 30, 2023 and 2022 [206]. Shareholder Information - Siebert's largest stockholders, the Gebbia Stockholders, control approximately 43% of the outstanding equity securities prior to the closing of the Second Tranche [149].

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 June 30, 2023 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. New York 11-1796714 (I.R.S. Employer Identification No.) 535 Fif ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Siebert Financial Corp. (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) New York 11-1796714 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2022 ☐ 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 ...

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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 For the transition period from ____________________ to ____________________ Commission file number 0-5703 Siebert Financial Corp. (Exact Name of Registrant as Specified in its Charter) (S ...

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 June 30, 2022 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) (State ...

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________________ to ____________________ (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) New York 11-179 ...

Regulatory and Compliance Risks - The company is subject to extensive government regulation, including compliance with SEC, FINRA, and other regulatory bodies, which could impact operations and financial results[77]. - The Dodd-Frank Act has introduced new rules that enhance the broker-dealer standard of conduct, potentially increasing compliance costs[74]. - The company is exposed to regulatory risks that could arise from changes in laws, rules, and regulations, which may adversely affect business operations[79]. - Compliance with net capital requirements may limit the company's ability to engage in capital-intensive operations, affecting growth strategies[81]. - The company is subject to litigation risks that could result in significant liabilities and impact its ability to retain clients[80]. - The company is subject to closing conditions for transactions, including regulatory approvals and material adverse changes, which could lead to stock price declines if transactions do not close as expected[98]. - The company is currently under investigation by FINRA regarding UIT transactions executed by StockCross prior to its acquisition[246]. - The company paid a fine of $250,000 to FINRA related to a consent agreement regarding excessive trading and suitability violations[244]. - The company agreed to pay $100,000 to the California Department of Financial Protection and Innovation for administrative costs related to supervisory failures[245]. Cybersecurity and Technology Risks - The company faces risks related to cybersecurity, including potential breaches that could lead to significant costs and reputational damage[89]. - The company relies heavily on information processing and communication systems, and any significant failure could disrupt operations and affect customer obligations[82]. - The company must continuously enhance its technology to avoid obsolescence, as rapid market changes could decrease the attractiveness of its services[94]. Strategic Growth and Acquisitions - The company is considering strategic acquisitions as part of its growth strategy, which could involve integration risks and increased costs[97]. - The company faces risks in identifying, consummating, and integrating acquisitions, which could adversely affect business and financial condition[99]. - The company acquired 85% of StockCross' outstanding shares on January 1, 2020, in exchange for 3,298,774 shares of its common stock[142]. Financial Performance and Market Conditions - Revenue for the year ended December 31, 2021, was $67.5 million, an increase of 22.9% from $54.9 million in 2020[175]. - Net income available to common stockholders for 2021 was $5.1 million, up from $3.0 million in 2020, representing a growth of 70%[175]. - The primary financial impact from the COVID-19 pandemic was lower interest revenue due to decreased benchmark interest rates starting in Q1 2020[148]. - The Federal Reserve's interest rate cuts have negatively impacted revenue from interest and distribution fees[107]. - The brokerage industry is facing intense competition, with price wars and lower commission rates affecting revenue[121]. Operational Adjustments and COVID-19 Impact - The COVID-19 pandemic has caused significant volatility in financial markets, potentially impacting the company's business and financial condition[106]. - The company has implemented remote work arrangements for nearly 100% of its employees and has reopened all branch offices as of the report date[149]. - The company is actively negotiating contracts with key vendors to reduce fixed costs and has transitioned branch offices to more cost-efficient locations[150]. - The company believes it can meet all obligations and maintain liquidity despite the challenges posed by COVID-19[151]. - The company is monitoring the ongoing COVID-19 situation and its potential impact on business operations and financial condition[152]. Asset and Liability Management - Total assets under management increased to $17.3 billion as of December 31, 2021, up from $16.2 billion in 2020[173]. - Total assets as of December 31, 2021, were $1,404,235,000, an increase of $31,248,000 from December 31, 2020[194]. - Total liabilities as of December 31, 2021, were $1,353,729,000, an increase of $18,728,000 from December 31, 2020[195]. - Cash and cash equivalents as of December 31, 2021, were approximately $3.8 million, an increase from $3.6 million in the prior year[202]. - The company had margin loans extended to customers of approximately $0.6 billion as of December 31, 2021[222]. Impairments and Provisions - The company recorded a full impairment of the RISE customer relationships intangible asset amounting to $699,000 in 2021[161]. - Impairment loss for the year ended December 31, 2021, was $699,000, reflecting a full increase from the prior year due to the impairment of intangible assets[189]. - Provision for income taxes for the year ended December 31, 2021, was $1,721,000, an increase of $1,500,000 from the prior year[192]. Risk Management and Financial Strategy - The company believes its current insurance coverage and reserves are sufficient to cover estimated exposures related to contingent liabilities[261]. - The company does not engage in derivative transactions and has no liabilities for the debt of another entity, indicating a conservative financial strategy[263]. - Customer transactions are cleared through clearing brokers on a fully disclosed basis, enhancing transparency and compliance with margin requirements[265]. - The company invests cash and cash equivalents in dollar-denominated bank accounts, which are not subject to significant value changes due to interest rate movements[264]. - The consolidated financial statements present fairly the financial position of the company as of December 31, 2021, and 2020, in accordance with generally accepted accounting principles[270]. - The company has significant judgment in estimating contingent liabilities, which may result in actual costs differing materially from estimates[261]. - The company regularly monitors customer account activity for compliance, mitigating potential risks associated with customer obligations[265].

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 September 30, 2021 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. Indicate by check mark whether the registrant: (1) has fi ...

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 June 30, 2021 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) (State ...